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Warsaw Stock Exchange President Ludwik Sobolewski		Warsaw Stock Exchange President Ludwik Sobolewski		Warsaw Stock Exchange President Ludwik Sobolewski
Warsaw Stock Exchange President Ludwik Sobolewski		Warsaw Stock Exchange President Ludwik Sobolewski		Warsaw Stock Exchange President Ludwik Sobolewski
Warsaw Stock Exchange President Ludwik Sobolewski		Warsaw Stock Exchange President Ludwik Sobolewski		Warsaw Stock Exchange President Ludwik Sobolewski
Altera Finance Board Chairman Mykhailo Zhernov		Altera Finance Board Chairman Mykhailo Zhernov		Altera Finance Board Chairman Mykhailo Zhernov
Inneks Exchange Committee Chairman Mykhailo Nazarchuk		Inneks Board Chairperson Olena Skliar

Ludwik Sobolewski, the president and director general of the Warsaw Stock Exchange, said this at a press conference entitled "Plans of cooperation between the Warsaw Stock Exchange and the Inneks Stock Exchange."

"This is now a passive investment, rather, this represents a commitment [supported] by the capital to develop there a modern stock exchange," he said.

He said the capital market in Ukraine was at an initial stage of development. On the one hand, this required large efforts to create infrastructure, but, on the other hand, this promises big prospects.

He said shareholders of Inneks included industrial companies that might be potentially interested in raising capital through the stock exchange, financial institutions that might act as mediators, and the Warsaw Stock Exchange, which has technologies and experience in placement of shares and trading in them.

This structure can produce very good results in future," Sobolewski said.

He said the Warsaw Stock Exchange was not planning to introduce its representatives in the board or the supervisory board of the Ukrainian stock exchange so far.

Sobolewski did not give possible terms for the end of the technological and legal renewal of Inneks. He did not give further details either.

As Ukrainian News earlier reported, the Warsaw Stock Exchange has acquired 25% of the shares of the Inneks Stock Exchange in Kyiv.

In early April, Manager Company (Kyiv) concentrated 21.28% of the shares of Inneks. Altera Asset Management Company (Kyiv) trimmed its stake in Inneks to 44.783% of the shares.

Inneks Stock Exchange, which is a closed joint-stock company, was registered on July 3, 1997. It was the Donetsk Stock Exchange until September 2006.

It specializes in management of financial risks and other operations connected with stock exchanges.