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Varazdin Stock Exchange approves contract to merge with Zagreb Stock Exchange

VARAZDIN, Jan 30 (Hina) - The Varazdin Stock Exchange Shareholders' Assembly decided on Tuesday to approve a contract on merging with the Zagreb Stock Exchange by transferring its entire assets, including rights and liabilities, in exchange for Zagreb Stock Exchange shares.
VARAZDIN, Jan 30 (Hina) - The Varazdin Stock Exchange Shareholders' Assembly decided on Tuesday to approve a contract on merging with the Zagreb Stock Exchange by transferring its entire assets, including rights and liabilities, in exchange for Zagreb Stock Exchange shares.

The merger contract was approved unanimously, with 21 of the 31 shareholders attending.

The contract was signed on December 21 by the directors of the two stock exchanges and the shareholders' assemblies of both have to approve it for to go into force.

The Zagreb Stock Exchange Shareholders' Assembly is due to meet tomorrow. After the merger, Croatia will have only one stock exchange which will operate as the Zagreb Stock Exchange, based in Zagreb.

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