ADVFN - Advanced Financial Network.
HOME» NYSE » C » LSE Stock Price » LSE Stock News

Capital Lease Fnding Share News

 Caplease Stock Price
LSE Stock Price
 Caplease Stock Chart
LSE Stock Chart
 Caplease Stock News
LSE Stock News
 Caplease Company Information
LSE Company Information
 Caplease Stock Trades
LSE Stock Trades

INTERVIEW: Deutsche Boerse Submits Offer For Warsaw Rival

By Ruediger Schoss Of DOW JONES NEWSWIRES FRANKFURT -(Dow Jones)- German exchange operator Deutsche Boerse AG (DB1.XE) Friday made a bid to acquire a majority stake in the Warsaw Stock Exchange, Deutsche Boerse's head of Eastern European business development told Dow Jones Newswires. The Warsaw Stock Exchange, the largest of Eastern European exchange operators by trading volume and market value of listed companies, is an "attractive investment" given the opportunities offered by the Polish market, said Jochen Biedermann. Biedermann said Deutsche Boerse was interested in acquiring between a stake of between 51% to around 74% in the Warsaw exchange from its majority shareholder, the Polish government. The value of the bid is in the millions of euros range, he said. Deutsche Boerse's bid also includes suggestions for what a deal agreement could look like and potential future plans for the exchange operator, Biedermann said. Cash and derivatives trading through the Polish exchange both look attractive, Biedermann said. "We also have our own ideas about new products," he added. The Warsaw exchange is particularly attractive because of an anticipated row of privatizations that would increase the number of companies listed on the exchange. The Warsaw exchange has in recent years already seen a broad jump in the number of listings. Merging the Warsaw exchange's cash-trading system onto Xetra's electronic trading platform would benefit Deutsche Boerse by giving it direct access to Polish traders and brokers, Biedermann said. "We're thinking about importing [the Xetra platform] but that must be agreed upon with market participants. Its not something we want to force," Biedermann said. Aside from traditional stock exchanges, the Polish government also asked brokers to buy a minority stake in the exchange. If a deal with Deutsche Boerse is successful, Polish market participants could win indirect influence in the Warsaw exchange's activities by holding various board seats, Biedermann said. Polish market participants have said they want to maintain influence on the creation of new rules and products for the Warsaw exchange in the event of a takeover. Deutsche Boerse's eye to the Polish trading market comes five years after Poland entered the European Union and ahead of its planned integration into the euro-zone economy. The London Stock Exchange Group PLC (LSE.LN), NYSE Euronext (NYX) and Nasdaq OMX Group Inc. (NDAQ) were all originally invited to make bids for between 51% and 73.82% of the Warsaw Stock Exchange. The London Stock Exchange isn't expected to make an offer, however, a person familiar with the matter said last month. -By Ruediger Schoss; Dow Jones Newswires; +49 69 29 725 515; ruediger.schoss@dowjones.com (Marynia Kruk in Warsaw contributed to this article.)

Stock News for Capital Lease Fnding (LSE)
DateTimeHeadline
05/28/201310:50:24American Realty Agrees to Buy CapLease for $2.2 Billion
04/04/201309:03:53U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
09/26/201204:24:29ASX Chief Speaks Out Against Competition in Clearing
07/24/201220:26:07ASX Plans Data Center Link Up With Singapore Stock Exchange
11/06/200906:55:02INTERVIEW: Deutsche Boerse Submits Offer For Warsaw Rival

Capital Lease Fnding and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad