Podravka, HPB weigh on Croatian share indices
Most Bulgarian stock indices fall, SOFIX rises on Fibank gain
Most Romanian stock indices rebound, Electrica shines
Romania's Safetech Innovations net profit down 5% in 2023
Bosnia's Serb Republic GDP grows 2.4% y/y in Q4
Jun 23, 2021 14:28 EEST
June 23 (SeeNews) - The Zagreb Stock Exchange (ZSE) said on Wednesday it was granted a 90-day extension to the period, during which it intends to increase its shareholding interest in its counterpart in North Macedonia, the Macedonian Stock Exchange (MSE).
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.
You can subscribe to our M&A newsletter here
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.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options