The Zagreb Stock Exchange has announced that it has bought 148 shares of the Macedonian stock exchange, which makes up 5.3% of the society’s basic capital, for EUR1,000 per share.
“The transaction was entirely financed using the Exchange’s own means,” the Exchange has said. This is the Zagreb Stock Exchange’s second purchase of a stake in a regional stock exchange after 2015, when it took over 100% of the Ljubljana Stock Exchange through the Vienna Stock Exchange.
“The Zagreb Exchange d.d. has been cooperating well with the Macedonian Exchange for many years through exchanging know-how and experience, and intensly since 2014, when along with the Bulgarian Stock Exchange it established the SEE Link d.o.o. Skopje society, in which three stock exchanges share ownership stakes,” the Zagreb Stock Exchange said in a statement which was carried by the Seebiz website.
Cooperation, it added, was stepped up earlier this year when the Macedonian Stock exchange signed an exclusive contract on cooperating with the Croatian Fanderbim South-East Europe society, in which the Zagreb Stock Exchange owns a 20 percent stake which is part of the Estonian Fanderbim group which manages platforms for financing startups.