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Zagreb bourse boosts stake in Skopje counterpart to 17.05%

Author Annie Tsoneva
Zagreb bourse boosts stake in Skopje counterpart to 17.05% Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), June 24 (SeeNews) - The Zagreb Stock Exchange (ZSE) [ZSE:ZB] said it holds 476 shares equal to a 17.05% stake in its counterpart in North Macedonia, the Macedonian Stock Exchange (MSE), after it acquired on Friday a further 199 ordinary shares, representing 7.13% of its equity capital.

The transaction is fully funded by the exchange's own resources, the Zagreb bourse said in a statement. It did not name the seller and the value of the deal.

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Before the transaction, the Zagreb bourse held 277 shares, or 9.92% of the capital of MSE.

On Wednesday, North Macedonia's Securities and Exchange Commission (SEC) said it has approved a request by the Zagreb bourse to increase its stake in MSE to up to 30%.

The Zagreb bourse acquired the Slovenia's Ljubljana Stock Exchange in 2015.

ZSE's shares shares traded 4.55% higher on the Zagreb bourse at 11.50 kuna ($1.6/1.5 euro) intraday on Friday, the biggest daily gain on the bourse.

(1 euro = 7.530 Croatian kuna)

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