NYX Nyse Euronext

The Warsaw Stock Exchange will Wednesday agree to buy a trading platform from NYSE Euronext (NYX), Treasury Minister Aleksander Grad said in an interview with Polish business news channel TVN CNBC.

Grad said in June in an interview with Dow Jones Newswires that the Warsaw Stock Exchange was in talks with a strategic partner that may in the future, after the company's initial public offer planned for November, buy a minority stake in the business from the Treasury.

The WSE Wednesday said it wouldn't comment on whether NYSE Euronext would become a minority shareholder in the future.

"We're not talking about this for the time being," said Ludwik Sobolewski, the chief executive of the Warsaw bourse.

Sobolewski declined to disclose how much the Warsaw bourse would pay NYSE for the trading platform, saying the license fee will be paid in installments over eight years.

"We could take a loan or issue bonds, but I don't think that will be necessary," he added.

Late last year, the Treasury failed to sell a majority stake in the exchange to Deutsche Boerse AG (DB1.XE), the only bidder left in the process, after the German company refused to improve its offer.

Following the failed sale, the Treasury decided to organize an IPO for the WSE, with the stock market debut expected in November. The Polish treasury holds 98.8% in the WSE and plans to offer around 63% of shares, holding on to 25%-30% after the IPO.

Sobolewski also said Wednesday that the WSE will submit its IPO prospectus to the Polish financial regulator in August ahead of the stock market listing planned for November.

-By Malgorzata Halaba and Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432; marcin.sobczyk@dowjones.com

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