NYSE Euronext (NYX) may consider buying a minority stake in the Warsaw Stock Exchange sometime after the Polish stock market's initial public offer in November, NYSE Chief Executive Duncan Niederauer told a teleconference Monday.

NYSE Euronext and the Warsaw Stock Exchange said earlier in July they agreed a strategic, long-term cooperation partnership which involves the Polish bourse's cash and derivative markets migrating to the universal trading platform supplied by NYSE Technologies.

Polish Treasury Minister Aleksander Grad had told Dow Jones Newswires in June that the WSE was in talks with a strategic partners which may buy a minority stake in the business from the treasury after the company's planned November initial public offering.

WSE Chief Executive Ludwik Sobolewski said Monday he believed the Polish government would put its minority stake on the market within two or three years from the IPO.

The Polish treasury holds 98.8% in the WSE and plans to offer around 63% of shares in the IPO.

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