Skip to main content

Deutsche Börse Looks East, Because It Has Nowhere Else To Go

  • Author:
  • Updated:

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.
Deutsche Börse Makes Bid for Warsaw Stock Exchange [WSJ]



Eurozone Blue Chip Index Has Mercy, Spares Investors From Owning Deutsche Bank

At this point, it’s basically a human-rights violation to do so.

CME, Deutsche Börse Start, End Fling

When two exchanges eye each other from across the ocean, there's a pretty standard courting procedure. One or both have usually been spurned and lust after a deal, if not particularly with the available lepers, then after a deal for a deal's sake, just to show they've still got it. They dance around each other for a while coquettishly, before agreeing that it really would be a great idea to spend their lives (or a convenient period of time) together. Then, the regulatory chaperones step in and, usually, say no.

Looking a little sadder than usual. Dietmar Rabich / Wikimedia Commons / “Frankfurt am Main, Skulptur -Bulle & Bär- -- 2015 -- 6763” / CC BY-SA 4.0, via Wikimedia Commons

EU-U.K. Not Today’s Only European-British Split

Brussels calls off the London Stock Exchange, Deutsche Börse wedding.

Hedge Fund Trying To Destroy American Apparel Because It Fired Dov Charney: Lawsuit

So sayeth Eliana Gil Rodriguez, a "former employee and friend of Charney’s."