Zagreb bourse gets nod to extend term for boosting stake in Skopje counterpart

On June 22, North Macedonia's securities and exchange commission gave its approval for an increase of ZSE's stake in the MSE above the 10% ownership threshold but below 20% of all issued shares with voting rights, the Zagreb bourse said in a statement. Since the initial approval, granted on March 16, was issued for a term of 90 days, the new decision prolongs that period by a further 90 days, it added without elaborating further.

In March, the ZSE received the green light from North Macedonia's securities and exchange commission for its plan to grow its stake in the MSE to 15.19% from 5.3% by buying 276 shares in the Skopje bourse representing 9.89% interest.