ASE buys 10.24% stake in Belgrade Stock Exchange

Τhe Athens Stock Exchange is joining forces with the Belgrade Stock Exchange with the aim to boost their influence in Southeastern Europe and to benefit from new opportunities in the industry.

ASE was given the green light by the Serbian Capital Market authority to acquire a 10.24% equity stake in the Belgrade Stock Exchange (BELEX). Under the terms of the deal, BELEX decided to improve its trading infrastructure by transfering its trading activities to the trading platform of the Athens Stock Exchange, expanding through the joint platform its liquidity and range of services.

The two markets will closely cooperate with the Serbian government and the Finance Ministry of the country towards the further strategic development of the Serbian capital market through the introduction of new products and services that will support capital flow from domestic and international investors.