The announcement came after a Polish government official said in September 2020 that the Warsaw bourse was seeking to buy a majority stake in its Armenian counterpart.
Deputy State Assets Minister Artur Soboń told reporters at the time that the deal would bolster Poland’s position as the leading financial market in Central and Eastern Europe and highlight its role as a "promoter of emerging markets."
Artur Soboń. Photo: PAP/Rafał Guz
The impending acquisition comes after the Central Bank of Armenia selected the Warsaw Stock Exchange as a strategic investor for that country’s bourse.
Negotiations on the deal began in 2019, public broadcaster Polish Radio’s IAR news agency has reported.
The Warsaw Stock Exchange earlier this year announced it had become an affiliate member of the World Federation of Exchanges, a global industry association that represents more than 250 financial exchanges and clearing houses worldwide.
Established in 1991, the Warsaw Stock Exchange is the biggest bourse in Central and Eastern Europe.
(gs)
Source: IAR, PAP