WSE plans to get £11.5 mln from sale of its Aquis stake

The Warsaw Stock Exchange said that it plans to get £11.5 million from selling its 20 percent stake in the Aquis trading platform. WSE added that talks regarding the sale are ongoing, and the potential transaction will go through only if Aquis decides to proceed towards an IPO. Aquis Exchange Limited is a British company that operates a pan-European stock trading market in the form of a multilateral trading platform. WSE acquired a 30 percent stake in the company for £5 million back in 2013. Through a number of subsequent share issues, the stake was lowered to 20.3 percent. Last year, Aquis had 1.5 percent share of the European securities trading market.