March 6, 2018 / 1:27 PM / 2 years ago

Polish confirms bid for Tel Aviv stock exchange

FILE PHOTO - An electronic board displaying market data is seen at the entrance of the Tel Aviv Stock Exchange, in Tel Aviv, Israel January 29, 2017. REUTERS/Baz Ratner

WARSAW (Reuters) - Poland’s state-run stock exchange GPW (GPW.WA), along with state fund PFR, has submitted a non-binding offer to buy a 71.7-percent stake in Tel Aviv Stock Exchange TASE, GPW said on Tuesday.

Last week, a source close to TASE said that more than ten stock exchange operators have shown an interest in buying a controlling stake.

Reporting by Marcin Goclowski, editing by Louise Heavens

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