The Warsaw stock exchange, central Europe's leading market, says it has decided to put the brakes on a possible merger with its Vienna-based counterpart.
"Following an in-depth analysis of available options of regional growth and taking into account the high-growth potential of the Polish economy and its capital market, WSE has decided to focus on organic growth at this time," the exchange said in a statement.
"Therefore, WSE is not considering a capital alliance with (the Vienna-based) CEE Stock Exchange Group AG at this time," it added, while leaving open the option of a merger in future.
The WSE had announced in January that it wanted to merge with Vienna's CEESEG by the end of the year.
The head of the exchange at the time, Adam Maciejewski, was replaced in June by former deputy treasury minister Pawel Tamborski.
There are 463 companies quoted on the Warsaw exchange, with a market capitalisation of 942 billion zloty ($A313.77 billion) in total, according to the latest figures on the WSE website.
Headquartered in Vienna, the CEESEG consists of the stock exchanges in Vienna, Ljubljana, Prague and Budapest.
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