Attila Szalay-Brzeviczy, Chairman of the Budapest Stock Exchange (BSE), expects four or five new listings in 2005, including the listings of the publicly issued shares of the BSE itself, he said in an interview in a Hungarian daily newspaper.
Szalay-Berczeviczy said that the BSE needed fresh capital to buy the Budapest Commodity Exchange and the Central Depository and Clearing House (KELER). He also said that the public issue of the BSE’s shares (IPO), might be approved by the General Meeting of the BSE will be held in April and would cover the acquisition plans.
He also said he would like to see foreign companies to enter the bourse with their stocks, especially the three major owners of the BSE (Erste Bank, Raiffeisen Bank and Bank Austria Creditanstalt).