The following text is a full version of the VSE press release:
(Vienna/Prague) The Vienna Stock Exchange and a group of selling shareholders of the Prague Stock Exchange have agreed on the general terms of the sale of the majority stake in the Prague Stock Exchange. The transaction remains subject to regulatory and other approvals.
“The Prague Stock Exchange will be an important partner and strengthen our existing stock exchange alliance of Budapest-Ljubljana-Vienna,” commented Michael Buhl, CEO of the Wiener Börse AG.
Jan Klenor, CEO of Patria, the largest shareholder in the Prague Stock Exchange commented: "We are pleased to be partnering with such a well established player in the region. We believe a partnership with Vienna will reinforce the continuing expansion of the Czech capital markets".
The Vienna Stock Exchange is the majority owner of two stock exchanges in Central and Eastern Europe. Oesterreichische Kontrollbank and the Vienna Stock Exchange (50.4%) jointly own 68.8% of the Budapest Stock Exchange. In June of this year, the Vienna Stock Exchange acquired a majority stake of 81.01% in the Ljubljana Stock Exchange. In addition, the Vienna Stock Exchange cooperates closely – without any cross-holdings – with many other stock exchanges in the region, mainly with Bucharest, Sarajevo and Banja Luka.