The unification contract was signed on December 21 by the directors of the two stock exchanges and the shareholders' assemblies of both approved it which means that the agreement can go into force.
The Varazdin Stock Exchange Shareholders' Assembly approved the deal on Tuesday, 30 January. The merger contract was approved unanimously, with 21 of the 31 shareholders attending.
After the merger, Croatia will have only one stock exchange operating as the Zagreb Stock Exchange, based in the capital of Croatia.
In one month's time, the decision is to be entered into the register of companies.
All the current employees in Varazdin can continue working for the Zagreb Stock Exchange if they wish so.
Commenting on benefits from the unification, the Zagreb Stock Exchange director Roberto Motusic said this would facilitate efforts to develop a single exchange market and to promote the Croatian market in an easy fashion.