The Warsaw Stock Exchange could be privatised at the end of 2005 at the earliest, with Euronext, OMX and the Vienna, London or Frankfurt exchanges among the potentially interested parties

The Warsaw Stock Exchange could be privatised at the end of 2005 at the earliest, with Euronext, OMX and the Vienna, London or Frankfurt exchanges among the potentially interested parties. "I think the (Warsaw) exchange will become a public company at the end of 2005 at the earliest," company president Wieslaw Rozlucki said on PiN radio. "It looks as if all the necessary decisions, especially those by the Treasury Ministry, can be taken during 2005," he added. He said the privatisation method was still open and could include a public offering, an offering to selected investors or to a single strategic investor. The latter category could include the European stock market operator Euronext, which already has a partnership the Warsaw exchange. Or it could include Swedish exchange OMX, or the exchange opertors of Vienna, London or Frankfurt, he said. The Warsaw stock market is now 98.8% owned by the Polish treasury, with the remaining 1.2% owned by banks, stockbrokers, and security issuers.