SOFIA (Bulgaria), May 14 (SeeNews) – Stock exchange operator Borsa Istanbul plans to select a strategic foreign partner by the end of May, a senior bourse official said on Tuesday.
Borsa Istanbul, an entity incorporating the 28-year-old Istanbul Stock Exchange (ISE) with the Istanbul Gold Exchange (IAE) and the Izmir-based derivatives exchange, started operating last month.
“We are talking with the biggest stock exchanges in Europe and the U.S. and we would like to select a strategic partner at the end of this month,” Borsa Istanbul executive vice chairman Aydin Seyman told SeeNews on the sidelines of The Sound of Money economic forum in Sofia. The forum was organised by local business news portal Profit.bg. SeeNews was media partner of the event.
“We are now processing their proposals. We will then sign with one of the candidates a letter of intent,” Seyman added.