Gielda Papierów Wartosciowych w Warszawie SA's management board decided to start negotiating boundary conditions for the potential sale of its 20.31% stake in affiliated company Aquis Exchange Ltd., if the latter decides to initiate an IPO process, the Warsaw stock exchange said Feb. 19.

The scope of the negotiations will cover terms, conditions and parameters of the potential transaction. The potential agreement on the sale will be depend on the satisfactory outcome of the negotiations and required corporate and regulatory approvals, the Polish stock exchange operator noted.