The FINANCIAL -- London Stock Exchange Group (LSEG) on November 16 announces that its successful business development programme, ELITE, has signed an agreement with Budapest Stock Exchange (BSE) to launch a tailored ELITE programme in Hungary.
BSE becomes ELITE’s first stock exchange partner in Europe.
The agreement will see ELITE and Budapest Stock Exchange work together to roll-out a tailored version of the ELITE programme in Hungary, developing an ELITE network of Hungarian companies, advisors and investors, according to London Stock Exchange Group.
ELITE and BSE will jointly select Hungarian companies and agree on the structure, content and marketing of the programme in Hungary. A dedicated ELITE support team will share their knowledge of the programme with BSE representatives, guiding them on how best to implement ELITE locally.
Through the online ELITE platform, Hungarian companies will have access to the expertise and advice of more than 700 advisors, investors and companies that make up ELITE’s growing international community. ELITE companies today generate over £33 billion in combined revenues and account for more than 160,000 jobs.
LSEG’s Open Access philosophy has allowed tailored versions of the ELITE programme to launch in the UK, Italy, Europe, Morocco ands Israel.
Luca Peyrano, CEO, ELITE:
“Today’s announcement marks a milestone for ELITE: the first time our programme is launched in partnership with a European exchange. It demonstrates ELITE’s enduring commitment to supporting fast growing businesses across Europe and the rest of the world, as well as BSE’s dedication to backing Hungary’s most dynamic firms. These companies have a unique capacity to innovate, create new jobs and ultimately drive economic prosperity. I’m delighted that from today Hungarian businesses will have the opportunity to be part of a tailored ELITE BSE Hungarian network.”
Richard Végh, CEO, Budapest Stock Exchange:
“With the ELITE Programme, the BSE is aiming not only to educate, but also to establish a club that is successful at a European level, where managers of domestic companies can acquire new knowledge and network capital in a variety of seminars, and also get assistance in selecting the most appropriate long-term financing solution for their companies. We are delighted to be partnering with ELITE to support Hungary’s fastest growing businesses.”