CME is contemplating a triple listing on Warsaw Stock Exchange, after New York and Prague, according to Mrs Tomasova, the company IR person, cited by today's 'Parkiet' daily. She added that CME looks for investment opportunities in Russia, Poland and other CEE countries, but there are no immediate deals in the pipeline. CME would finance any new acquisition on the bigger scale with a new rights issue.
Our view: CME seems to be following the footsteps of CEZ, which is listed on multiple exchanges. We view the news as neutral. We reiterate our Buy rating for the stock.