Monday November 30 2015
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Austria
Link: http://www.oekb.at/en/about-oekb/press-service/Pages/stakes-sell-budapest-stock-exchange.aspx
The holding company CEESEG Aktiengesellschaft (CEESEG) and Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) have announced the sale of their 50.45% and 18.35% stake respectively in the Budapest Stock Exchange (BSE) to the Hungarian National Bank which already holds 6.95% in the local stock exchange. Upon approval by the competent authorities, the transaction is expected to be completed by the end of 2015. The parties agreed not to disclose details and the price of the transaction.
The stock exchanges plan to keep operating on a joint trading technology, which provides BSE with optimal linkage to international markets. The partnership between BSE and the CEESEG through its Austrian subsidiary Vienna Stock Exchange is thus expected to continue, with the latter providing the trading system, interfaces, software and expertise.
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