The Vienna Stock Exchange has reached an agreement with shareholders of the Prague Stock Exchange to purchase a majority stake.
The acquisition is the second exchange investment the Austrian bourse has made this year, following its 81.08% stake in Slovenia’s Ljubljana Stock Exchange in June. It also owns a 68.8% share of the Budapest Stock Exchange in conjunction with Austrian bank, Oesterreichische Kontrollbank.
“The Prague Stock Exchange will be an important partner and strengthen our existing stock exchange alliance of Budapest-Ljubljana-Vienna,” commented Michael Buhl, CEO of the Wiener Börse.
The transaction remains subject to regulatory and other approvals.