Prague Stock Exchange up for sale

The Prague Stock Exchange has been put up for sale by a majority of its shareholders. The stated reasons for the sell-off are a trend towards consolidating or merging financial markets as well as a perceived interest in buying this commodity. Among those seeking to sell-off their shares are the companies Patria Finance, Tiger Holding, Komerční banka and ČSOB, according to Czech television. These four companies together hold a 50.01 percent stake in the stock exchange. There is mounting speculation that the stock exchange could be bought by a similar foreign institution. Last year the Prague Stock Exchange made around 200 million crowns in profits.

Author: Dominik Jůn