ECONOMY

HELEX in bid for Ljubljana

Hellenic Exchanges, the holding company that owns the Athens stock and futures markets, has submitted a bid for Slovenia’s stock exchange, the Greek bourse’s chief executive officer said yesterday. «We submitted our non-binding offer today for 64 percent of the Slovenian exchange,» Hellenic Exchanges CEO Spyros Capralos told the Economist conference in Athens. The Warsaw bourse has also said it is interested in acquiring Slovenia’s stock exchange, Ljubljanska Borza. Capralos said the Greek bourse could also become an acquisition target for some larger exchange «at some point in time.» He said Deutsche Bank, Societe Generale and Merrill Lynch had become members of the exchange, helping to attract new investors to Greek equities. «International investors hold 51 percent of the total capitalization and account for 60 percent of daily transactions,» Capralos said. (Reuters)