WSE vies with HEG to buy Lithuanian Stock Exchange

The Warsaw Stock Exchange is interested in the purchase of a controlling stake in its Lithuanian counterpart, WSE president Wiesław Rozłucki said yesterday. The Lithuanian authorities have approved its plan to sell a 54.5% stake in the 10-year old National Stock Exchange for $1.2 million. The Lithuanian government is also selling a 32% stake in the securities depository for an estimated $1.5 million. Apart from the Polish bourse, other interested parties include the Helsinki Exchange Group "HEG may be a serious rival standing in our way, since its experience in taking over other markets is one of its biggest assets. However, I still think we have a chance," said Rozłucki. (Parkiet, p. 1) A.Z