ZSE declares intent to co-found company for provision of cross-border services to investors

The Zagreb Stock Exchange (ZSE) intends to establish with Estonia's Funderbeam Ventures a company that will provide cross-border services to investors and start-ups by creating an alternative platform for funding companies and enabling trading in such investments, the ZSE announced on Thursday.

The ZSE has notified the Croatian Financial Services Supervisory Agency (HANFA) that it intends to acquire a business share in a company which is to be incorporated as Funderbeam South-East Europe, a limited liability company with a registered office in Zagreb.

The share capital of the company would be 20,000 kuna and the ZSE would acquire a 20% stake.

The project is part of the ZSE's long-term strategy to support companies at all stages of development: from start-ups to small and medium-sized enterprises, and finally a regulated market.

The ZSE said it aims to be a major driver in developing long-term sustainable growth of business for the whole of South-East Europe.

Last update: Thu, 08/09/2016 - 10:52

More from Business

IMF raises China growth forecast, but warns of sharper slowdown

China's economy will expand by 6.5 per cent this year, the International Monetary Fund said on Monday, as it warned...

Trump's warning to German carmakers hits shares

Shares in German carmakers tumbled on Monday after incoming US president Donald Trump threatened the industry with...

Report: Ex-Volkswagen head knew about scandal two months before

Former Volkswagen chief executive Martin Winterkorn knew about the company's emissions scandal two months earlier...

Takata to pay 1-billion-dollar criminal fine over defective airbags

Beleaguered Japanese car-parts supplier Takata has agreed to pay a criminal penalty of 1 billion dollars, and three...

India's SpiceJet to buy 205 Boeing jets in 22-billion-dollar deal

Indian budget airline SpiceJet will purchase 205 planes worth 22 billion dollars from US manufacturer Boeing, one of...