The shareholders meeting of the Bratislava Stock Exchange approved the transfer of the Central Depository assets into the capital of the bourse, the BCPB CEO Maria Hurajova disclosed. The capital of the stock exchange would increase by SKK229.7 million to SKK343.6 million. The capital hike would be subscribed to the name of the current CDCP 100% shareholder – the state privatization agency FNM.
Its share in the BCPB would correspondingly rise from 22% to 74.2%. Hurajova expressed her expectations that the technical details of the transaction would be completed within a month. According to the financial market players, the merger should increase the attractiveness of the stock exchange by reducing bureaucratic barriers and costs for public trading and IPOs. Initial plans were to put the state stake in the stock exchange up for privatization to another regional bourse after the merger with the CDCP but early elections forced the government to delay this step. The future progress with the privatization efforts is not certain after the elections and would probably depend on the formation of a right-wing cabinet.