The management of the local stock exchange (BSE) announced that it has selected the offer of Deutsche Boerse for buying the electronic securities trade platform Xetra. An alternative offer has been filed by OMX. The new trade platform will integrate the local stock exchange with brokers’ bidding systems in 19 countries. It is expected to improve speed and security of transactions and to increase foreign investor interest to securities traded on BSE. It is also believed that the deal will raise the chances of Deutsche Boerse to win the controlling stake in BSE in forthcoming privatisation tender. However, the government has not presented yet a strategy for privatisation of BSE.
Source: Intellinews-Bulgaria Today