The final decision could be made in April, at the meeting of Sibiu Stock Exchange shareholders, after presenting the financial situations of the two stock exchanges at the end of 2016.
The in principle approval comes after shareholders rejected the merger of the two stock exchanges in the past years.
“With the majority of votes held by the present and represented shareholders, approves in principle the merger with SIBEX-Sibiu Stock Exchange S.A. and the empowerment of the Board of Governors to take all measures and perform all administrative, economic, financial or legal operations deemed necessary or appropriate by the Board of Governors in order to implement the decision of approval in principle and to continue the endeavors regarding the project of the merger by absorption of SIBEX-Sibiu Stock Exchange S.A., according to the Report of the Board of Governors,” Bucharest Stock Exchange said in a statement.