Weiner Borse gains 92.4 majority stake in Prague stock exchange

07-11-2008

Austria’s stock market operator Wiener Borse has gained a 92.4 majority stake in the Prague bourse, according to a deal reached between the operator and a group of Prague Stock Exchange shareholders in October. The news was released on Friday, but the cost of the deal remains unknown. The Prague bourse is one of the biggest in central and eastern Europe and some sources earlier in the year estimated the bid at least at 200 million euros. Austria’s stock market operator, Wiener Borse also holds majority stakes in the Budapest and Ljubljana Stock Exchanges.