Warsaw Stock Exchange (WSE) decided to revamp its strategy for the Balkans and to scrap its earlier intention to buy a share in the Bulgarian Stock Exchange – Sofia (BSE).

The announcement made by the WSE chairman Ludwik Sobolewski was reported by Czech Business Daily newspaper and quoted by investor.bg.

Earlier in 2007, Sobolewski said the WSE was interested in acquiring the state-owned share in BSE or in just having a strategic partnership with the stock exchange in Sofia. At the end of September, the BSE said they were buying the new trading system of Deutsche Borse. This has been viewed by many market players as a first step in a possible further partnership between the Bulgarian and the German institutions.

Besides BSE, the Polish stock exchange also decided against buying the bourse in Ljubljana, Slovenia. Sobolewski said they decided to move the focus of their attention to other markets. This included the Romanian stock exchanges in the cities of Bucharest and Sibiu, as well as the Ukranian First Security Trading System (PFTS).

WSE would not buy the PFTS but would like to create a practice of double listing between Warsaw and Kiev, Sobolewski said. He added that Warsaw stock exchange’s goal was to attract those Ukrainian companies that were considering a possible listing in Frankfurt or London.