WSE withdraws from CEE merger plans

The Warsaw Stock Exchange has withdrawn from plans to merge with the CEE Stock Exchange Group, the bourse’s CEO Paweł Tamborski said on Tuesday afternoon. “We want to focus on Poland now. We do not rule out returning to the topic in the future,” Tamborski said. In a statement issues on the same day, Deputy Treasury Minister Wojciech Kowalczyk said that the ministry fully supports the WSE’s decision. “We are convinced that in the course of the coming several years the WSE will secure a much stronger position on the international stage and it can't be ruled out that we would then return to talks of consolidation with foreign partners,” Kowalczyk said. The WSE had been in talks on a capital alliance with CEESEG for more than a year. The Vienna-based group also includes the stock exchanges in Budapest, Lublana and Prague.