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BlackRock acquired a stake of Moscow stock exchange
30.09.2012 17:46
BlackRock acquired a stake of Moscow stock exchange

 BlackRock, the world’s largest asset manager, has acquired a share in the Moscow stock exchange from the Russia Direct Investment Fund. The size of the stake and the price is not specified, reports Interfax.

      
RDIF had a 2.7 percent holding in the bourse. The fund became a Moscow Exchange’s shareholder in the start of this year.

      
The largest Moscow Exchange’s shareholders include Russia’s central bank (24%) and OAO Sberbank (10.3%), UniCredit Bank (9.6%), Vnesheconombank (6%) and Gazprombank (5.3%).  Among minority stockholders there are Citibank, Citigroup, Merrill Lynch, Morgan Stanley, Goldman Sachs, HSBC, Credit Suisse and UBS.

      
The Moscow bourse was created when the Micex Stock Exchange merged with the RTS Exchange in December, and offers stock, bond, currency and futures trading.

      
BlackRock, Inc. is an American multinational investment management corporation and the world's largest asset manager. Headquartered in New York City, BlackRock is a leading provider of investment, advisory, and risk management solutions, says wikipedia.org.

      
Photo: Reuters



Author: Irina Fomina

Tags: Investments into Russia Russian business    

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