Vienna welcomes OTP, MOL calls for bourse cooperation

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The Vienna Stock Exchange, welcomed in a statement on OTP Bank's and oil and gas company MOL's call for “a closer cooperation” with the Budapest Stock Exchange’s (BSE) BSE's majority owners.

Any step that contributes to the strengthening of Budapest's share market and to the development of Hungary's capital market has the full support of the Austrian consortium, Vienna Stock Exchange board members Michael Buhl and Heinrich Schaller said in the statement which was sent to newswire MTI. But first OTP Bank's and MOL's vision of the cooperation has to be fleshed out, and it must be discussed by the members of the consortium.

“We will do everything on our part to see an agreement reached as soon as possible,” the statement said.

The consortium also said it sent a letter on Tuesday responding to OTP Bank's and MOL's call for cooperation.

Officials at both companies told papers earlier in the week they had not received a response from the consortium, though the letter was sent at the beginning of March. (MTI-Econews)

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