CEESEG to sell stake in LJSE to ZSE

Austria
UniCredit Bank Austria AG
Summary: 
CEESEG has agreed to sell its entire participation in Ljubljana Stock Exchange to Zagreb Stock Exchange
Thu, 16/07/2015

Following exclusive negotiations, Zagreb Stock Exchange signed today, 16 July, an agreement with CEE Stock Exchange Group to purchase 100% of Ljubljana Stock Exchange for an undisclosed price. Upon approval by the regulatory authorities and a subsequent capital increase by Zagreb Stock Exchange, the transaction is expected to close in Q4 2015.

In addition to this agreement, Vienna Stock Exchange and Zagreb Stock Exchange also signed a letter of intent outlining their plans to form a partnership aimed at sharing trading technology. Subject to successful completion of the negotiation on the respective terms, Vienna Stock Exchange will provide Zagreb Stock Exchange with its trading system, interfaces, software and support.

 

Impact on investors: Due to the similarity between the capital markets of Croatia and Slovenia, the consolidation in stock exchange ownership and the use of common technology is expected to influence positively the development potential of both markets.