Zagreb Stock Market took over Ljubljana Stock Market, price is confidential

(Photo: isak55/shutterstock.com)

After exclusive negotiations which started in June this year, the Zagreb Stock market yesterday in Vienna signed contract on purchase of a 100% at Ljubljana Stock market from CEE Stock Exchange Group (CEESEG), headed by the Vienna stock market.

In late June, Zagreb stock market (ZSE) was selected as potential takeover party of Ljubljana Stock market (LJSE) and has stepped into exclusive negotiations with CEESE, Tportal portal.

After approval of regulatory entities of both countries and essential capital increase of the Zagreb stock market, it is expected that transaction will be implemented in the last quarter this year.

Negotiating parties agreed they will not announce price of takeover, Zagreb stock exchange announced.