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The Polish Financial Supervision Authority decided on 11 March 2009 to permit the WSE to acquire a 61.31% stake in MTS CeTO and to exercise its voting right accordingly. Further to this decision, the WSE, formerly holding a ca. 30% stake, is now entitled to voting rights representing 92.47% of MTS CeTO share capital.
This consolidation of the local market accomplished by the WSE falls in line with the bourse’s strategy to create a regional centre for financial instruments trading. The transaction leads to concentrating equity trading liquidity as well as expanding the range of instruments offered on the WSE, specifically to include debt instruments.
The aim of this consolidation is also to create a synergy among several groups of financial market participants thus strengthening the capital segment of the market. Cooperation with various categories of participants will be carried out on a uniform basis by the WSE and MTS CeTO.
The WSE will strengthen the Treasuries market operated currently by MTS CeTO. Additionally, the Warsaw bourse will create an organised market in non-Treasury debt instruments which are an important financing vehicle for companies and municipalities. MTS CeTO will be responsible for operating this market and their experience will be also vital in creating a primary market for those instruments. The MTS spa shall remain an important business partner for the company as demonstrated, among others, by a cooperation agreement signed by the WSE and MTS spa.
The WSE deems the consolidation with MTS CeTO an important stage in optimising the Polish capital market infrastructure and wishes to thank all individuals and institutions involved in this endeavour.
