In late June 2015 the Zagreb exchange was selected to potentially takeover the Slovenian exchange and launched negotiations with the CEE Stock Exchange Group (comprising the exchanges in Budapest, Ljubljana, Prague and Vienna and is one of the largest stock exchange groups on the region.)
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, the ZSE says in a press release.
Both parties agreed on not disclosing the price of the transaction.
In addition, the ZSE signed a letter of intent with the Vienna Stock Exchange (VSE), forming a partnership with the key component of sharing their trading technology.
ZSE CEO Ivana Galic said that the Zagreb and Ljubljana exchanges shared similar development paths and financial system framework.
Members of the CEESEG board Michael Buhl and Petr Koblic, believe that joint technology and a uniform standard will benefit both regional and large international clients.
The Ljubljana exchange has a market capitalisation of 5.9 billion euro (as at 30 June 2015) and a monthly average turnover of 60 million euro.