Bulgarian Central Depository, Austria Clearing Bank in Deal on Dual Listings

Bulgarian Central Depository, Austria Clearing Bank in Deal on Dual Listings

The Bulgarian central depository said it signed a link agreement with the Austrian clearing and settlement bank Oesterreichische Kontrollbank AG that would allow dual listings of companies on stock exchanges in both countries.

"The direct link between the two institutions will allow dual and cross listings of issues at low costs," the depository said in a statement on Thursday, quoting its CEO Vasil Golemanski.

The Bulgarian and the Romanian central depositories signed a similar agreement in May.

 

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