When your dreams of expansion have been rebuffed at just about every turn for a decade, it forces you to think outside the box. So goodbye, London, Paris and Amsterdam: Deutsche Börse is (trying) to go to Warsaw.
Seventy years after a very special moment in German-Polish relations, the owner of the Frankfurt Stock Exchange is bidding for what locals affectionately refer to as the Giełda Papierów Wartościowych w Warszawie. The other other DB hopes to buy a majority stake in the bourse from its current majority owner, a widely-respected exchange operator called the Polish government.
Deutsche Börse thinks the Warsaw exchange is an “attractive investment.” Maybe it is. Maybe anything looks good after you’ve been humiliated in your attempt to buy the London Stock Exchange and bested by those Wall Street bastards in bidding for Euronext.
Jochen Biedermann, he who holds the unenviable job of “head of Eastern European business” at Deutsche Börse said he likes the cash and derivatives trading a Warsaw foothold would offer. He ominously adds, “We also have our own ideas about new products. And Lebensraum.
There remains, however, the chance that the Germans will once again be stymied. While the one that got away, the LSE, doesn’t plan on making an offer, Deutsche Börse’s bête noir, NYSE Euronext, and Nasdaq OMX have both been invited to make Poland an offer.
Posted by guest , Nov 06, 2009 9:44AM
Greg, I am going to act as a nice fellow and promise to watch your Farmville crops, except I will purposefully forget to water the radishes.
-Jeff Macke
Posted by guest , Nov 06, 2009 9:48AM
F, Marry, Kill
Jon Shazar
Greggums
EP
Posted by guest , Nov 06, 2009 9:49AM
I think I just SHAZARTED.
Posted by american bandersnatch , Nov 06, 2009 9:55AM
Don't you do it! Don't! You... I got nowhere else to go! I got nowhere else to g... I got nothin' else
Posted by guest , Nov 06, 2009 10:09AM
Greg, come see mommy for some hot chocolate.
~ M. Waters
Posted by guest , Nov 06, 2009 10:12AM
Jon's chanelling the ghost of EP on this post.
Posted by guest , Nov 06, 2009 10:19AM
Shazums - the more words you use to tell your story, the more I am reminded of Greg. And that is a bad thing. Less is more.
Posted by guest , Nov 06, 2009 10:33AM
"Son, people will always try and fuck you. Don't waste your life planning for a fucking, just be alert when your pants are down."
Posted by guest , Nov 06, 2009 10:37AM
Greg would've never worked in a few tasteful Nazi digs. Jon can stay. Haters can suck it.
Posted by Thoth , Nov 06, 2009 10:39AM
@9 agreed, and his tags were much better than Greg could do.
Posted by guest , Nov 06, 2009 10:41AM
So what happened to Greg? Was there even a welcome post for Jon from Bess or Lat?
- 2
Posted by guest , Nov 06, 2009 10:45AM
@2
F, K EP (not necessarily in that oda)
M GM (seems consistent, stable)
Posted by guest , Nov 06, 2009 11:55AM
Do you think the Poles recall the German Invasion with the same sense of nostalgia we have for the British Invasion? I'd like to think they do.
Posted by Anal_yst , Nov 06, 2009 12:13PM
1. Greg never learned how to use tags (despite everyone telling him to).
2. EP's writing style is not only verbose, but riddled with delicious allusion and crafty structure. Jon, nor Greg (haha) could come anywhere close.
3. F/m/k...EP/Jon (regrettably)/Greg (over and over again)
Posted by guest , Nov 06, 2009 12:18PM
@14/Anal after a certain point GM stopped reading the comments & I can't say I blame him.
Posted by guest , Nov 06, 2009 12:20PM
well their aquisition strategy has to beat the NYSEs which since Euronext has yet to aquire anything making a profit I mean NYFIX? hello dumb bar stewards....
Posted by guest , Nov 06, 2009 12:43PM
@14/anal,
Agree 100%.
Posted by BPstyler , Nov 09, 2009 9:52AM
Yet another non-story as an excuse to mock dumb, inadequate Pollacks or some other Eastern Europeans. You guys win, you are the champs! Would be a more interesting story if you actually did some analysis on why the WSE is such an embarassing acquisition target other than that you think its name looks funny in its native language, of which you are so proudly ignorant.