WSE cleared by FCA to buy stake in Aquis Exchange
February 13, 2014
WSE operator GPW secured a consent of British Financial Conduct Authority (FCA) for a takeover of a 30-50% stake in Aquis Exchange, thus clearing the way for finalizing the investment, GPW said on Wednesday.
According to the deal with Aquis GPW would buy a 30% stake in the firm.
Back in August 2013, GPW signed an agreement to buy 30% or 384,025 new shares in British-based trading platform project Aquis Exchange Limited for a total of GBP 5 million.
The acquisition of 230,416 shares was hinged on obtaining the approval of the British financial market watchdog FCA.
Aquis Exchange Limited is a Britain-based firm which, after securing the necessary regulatory approval, intends to build a pan-European Multilateral Trading Facility, GPW said earlier.
If the deal is finalized, GPW will be the biggest shareholder of the Multilateral Trading Facility, CEO Adam Maciejewski told radio PiN in early July.