Vienna Stock Exchange to gain majority in Prague bourse

The Vienna Stock Exchange is set to gain a majority stake in the Prague Stock Exchange. Prague bourse shareholders and representatives of the Vienna Stock Exchange agreed on the conditions of the purchase on Wednesday. The transaction still needs to be approved by the respective regulatory bodies. The price and the size of the transaction has not been disclosed. The Vienna Stock Exchange is already a majority shareholder of two stock exchanges in Central and Eastern Europe, in Budapest and Ljubljana.