Warsaw Stock Exchange eyeing stake in Tel Aviv bourse: report
PR dla Zagranicy
The Warsaw Stock Exchange is interested in acquiring a controlling stake in the Tel Aviv bourse, Poland’s Rzeczpospolita daily reported on Tuesday.
Image: geralt/pixabay.com/CC0 Creative Commons
Recent political tension between Poland and Israel “is not an obstacle to investment,” the newspaper said.
Seventy-two percent of the Israeli bourse’s stock, which could be worth at least PLN 490 million (some EUR 117 million, USD 144 million), is up for grabs, according to Rzeczpospolita.
Stock exchanges in London, Toronto and Singapore are also interested in buying a controlling stake in the Tel Aviv Stock Exchange (TASE), according to the Polish newspaper.
The Tel Aviv bourse is "known as a venue for financing more risky investments, including innovations and start-ups," Rzeczpospolita reported.
A state investment vehicle called Polish Development Fund could help the Warsaw Stock Exchange finance the transaction, according to Rzeczpospolita.
Source: rp.pl, businessinsider.com.pl