The privatisation of the Warsaw Stock Exchange is unlikely to go-ahead in 2008 after Poland’s president vetoed an amendment to a regulatory bill yesterday.
President Lech Kaczynski has directed the amendment from the Act on Trading Financial Instruments to the Constitutional Tribunal.
As a result, that the date of the exchange’s public offering will now depend on when the Constitutional Tribunal considers the amendment.
The first stage of WSE’s privatisation had been scheduled by the Ministry...