The JV, dubbed Central Post-Trade Solutions, could become the owner of Hungarian clearing house Keler KSZF and Polish energy market clearing house IRGIT.
Keler KSZF is owned by the MNB and the Budapest Stock Exchange, which is majority-owned by the MNB. IRGIT is owned by the Polish Power Exchange (TGE), a unit of the Warsaw Stock Exchange. Under the memorandum of understanding approved by the parties, TGE would become the majority owner of Central Post-Trade Solutions.
The agreement establishes a deadline for signing a JV contract of Sep. 30, 2022, after due diligence at Keler KSZF and IRGIT is completed.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
