CEESEG to sell stake in Ljubljana Stock Exchange to Zagreb Stock Exchange

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The Zagreb Stock Exchange (ZSE) has signed an agreement to take over 100% of the Ljubljana Stock Exchange (LJSE) shares from the CEE Stock Exchange Group (CEESEG), following exclusive negotiations since late June 2015. Upon approval by regulatory authorities of both countries and following a capital in-crease by the Zagreb Stock Exchange, the transaction is expected to be completed in the last quarter of this year. Both parties agreed on not disclosing the price of the transaction.
Damir Topić, senior partner and the head of our M&A group said that from the inside this was a straightforward transaction with highest professional standards observed by both sides.
Commenting on the transaction, Ivana Gažić, President of the Management Board of the Zagreb Stock Exchange, said: "We expect the Ljubljana Stock Exchange takeover by the Zagreb Stock Exchange to yield positive effects for both exchanges and both capital markets, while also resulting in numerous synergies."