Warsaw Stock Exchange and Aquis Exchange become Business Partners
August 19, 2013
Today Warsaw Stock Exchange signed an agreement to purchase a 30% equity stake in Aquis Exchange Limited, based in the UK
The agreement lays the foundations for the development of mutually beneficial innovations in the European equity markets
Warsaw Stock Exchange, the largest Exchange in Central Europe, and Aquis Exchange, the proposed pan European equities trading exchange, announced today that they have entered into agreement to form an alliance.
Under the terms of the agreement, WSE will acquire shares representing 30% of the total vote at the Aquis Exchange General Meeting and the same share of the company’s dividends and will have a right to nominate two non-executive directors to the Aquis Exchange Board of Directors. The total transaction value is GBP 5m and will be covered by WSE’s financial reserves.