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Warsaw Exchange Said to Hold Merger Talks With Vienna Bourse

The Warsaw Stock Exchange and the Vienna bourse are discussing a merger that would create a hub for equities trading and initial share offerings in central and eastern Europe, said three people familiar with the talks.

Discussions between management and owners of the Vienna and Warsaw exchanges are at a very early stage, said the people, who asked not to be identified because the talks are private. The negotiations may not lead to a transaction, the people said. The Warsaw Exchange rose 0.8 percent to 38.90 Polish zloty at the 5:30 p.m. close in Warsaw, valuing the company at 1.63 billion zloty ($520 million).