The Vienna Stock Exchange to set up holding company

The Vienna Stock Exchange to set up holding company

05/11/09

Today, the Supervisory Board of Wiener Börse AG have reached a significant decision preparing the way for future changes to the organizational structure of the Wiener Börse. Subject to the consent of the Wiener Börse AG general shareholders’ meeting in December, and to the consent of the relevant supervisory authorities, Wiener Börse AG plans to set up a holding company that will act as an umbrella for the group of exchanges, which consists of the Stock Exchanges Vienna, Budapest, Ljubljana and Prague.

In the future the operating business will be managed by the individual country subsidiaries, with the holding company taking responsibility for financial management and administration of the operating companies. This structural change will enable Wiener Börse AG to meet the requirements of its international strategy.