Borsa İstanbul became a shareholder of Montenegro Stock Exchange (MNSE) by acquiring 24.38 percent of its capital. The partnership between Borsa İstanbul and MNSE will be a further step in the formation of a network of regional exchanges and will substantially strengthen Istanbul’s position as an International Financial Centre.
“Strategic partnership with MNSE is a key step to extend our presence in this promising economic landscape. Borsa İstanbul is ready to share its broad experience with MNSE and aims to contribute to the further development of capital markets in Montenegro.” remarked Dr. İbrahim M. Turhan, Chairman and CEO of Borsa İstanbul.
Borsa İstanbul is also a shareholder of Kyrgyz Stock Exchange, Baku Stock Exchange and Sarajevo Stock Exchange.