The Russian central bank is likely to sell a part of its stake in MICEX after its merger with rival RTS, RIA Novosti reports, citing Vedomosti. The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) may buy part of the stake in the Russian stock exchange.
The apex bank is likely to reduce its holdings in the MICEX during the merged bourses public offering and the sale of its shares. Post MICEX’s merger with RTS, the central bank will hold around a 22% stake in the MICEX.
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