Wiener Börse acquires 92.4% stake in Prague Stock Exchange

NEW YORK (MarketWatch) — Austria’s Wiener Börse AG said Friday that it has acquired a 92.4% stake in the Prague Stock Exchange and as a result will become the new majority shareholder. Michael Buhl, CEO of Wiener Börse, said that his firm sees itself “as a long-term investor.” The Prague Stock Exchange had 29 listed companies and market capitalization of nearly 40 billion euros (about $51 billion) at the end of September. The acquisition of this stake in the Prague market means that Wiener Börse is now the majority owner of three stock exchanges in Central and Eastern Europe; the other two are the Budapest and the Ljubljana exchanges.
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