• Most Popular
  • Most Shared

UPDATE 1-D. Boerse sole bidder for Warsaw bourse majority

Mon Nov 9, 2009 7:53am EST

Stocks

   

* Second privatisation to attract sole bidder for control

Stocks  |  Mergers & Acquisitions

* NYSE Euronext, Nasdaq OMX did not bid

* Two banks offer to buy minority stakes

(Adds detail)

WARSAW, Nov 6 (Reuters) - Deutsche Boerse (DB1Gn.DE) is the sole bidder for a controlling stake in the state-owned Warsaw bourse, the Polish treasury ministry said on Monday.

The German stock exchange, among four market operators shortlisted by Poland, confirmed on Friday it made an offer.

NYSE Euronext (NYX.PA) (NYX.N) and Nasdaq OMX (NDAQ.O) did not file bids, while the London Stock Exchange (LSE.L) had previously said it was no longer interested.

The Polish state wants to sell between 51 and 73.8 percent of the exchange.

The planned sale of the Warsaw bourse is the second high profile privatisation in the last two months which managed to attract only one bidder for control of a Polish state company.

Poland, which hopes to get 37 billion zlotys ($13.1 billion) from the sale of state assets by the end of 2010, was forced to relaunch the privatisation of energy group Enea after Germany's RWE (RWEG.DE) walked away from final talks last month. [ID:nLE321777]

The Warsaw bourse has built a strong position in the region, outdistancing rival Wiener Boerse in terms of the valuation of its listed companies.

With a boost from the addition of Poland's top utility PGE PGEPa.WA on Friday following Europe's largest initial public offer this year, the combined value of the 376 companies listed in Warsaw stands at some $235 billion.

The treasury ministry also said Poland's No. 2 lender Bank Pekao BAPE.WA and Portugal's Banco Espirito Santo (BES.LS) offered to take minority stakes in a separate tranche. (Reporting by Patryk Wasilewski; Editing by Hans Peters and David Cowell)



More from Reuters

Photo

Democrats gain 60th vote on health bill

WASHINGTON (Reuters) - Senate Democrats reached a compromise on Saturday with the last holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article