The Vienna Stock Exchange is bidding for a stake in Bulgaria's bourse and is prepared to place a bid for Slovenia's exchange to tap growth of the eastern European stock markets.
Wiener Boerse AG will bid for 44% of Sofia Stock Exchange, which is being sold by the Bulgarian government, and will participate in a bid for a 50% stake in the Ljubljana Stock Exchange, should there be a sale, Austrian bourse's CEO Michael Buhl said in an interview in London. The Vienna Stock Exchange is planning to expand in eastern Europe, where national stock markets are booming as companies raise funds through capital markets. Wiener Boerse already owns a stake in Budapest Stock Exchange and cooperates on data exchange with the Romanian bourse. The company plans to finance a potential acquisition from its own cash, Buhl said. „When there is a wish to do a sale, then we will certainly participate,” Buhl said. „We were never into unfriendly takeovers.” Buhl expects the Austrian main ATX Index to rise at least 10% this year. (Bloomberg)