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EBRD LooksTo Buy Russian Bourse Stake

The European Bank for Reconstruction and Development is seeking to buy stake in a Russian stock exchange.

The European Bank for Reconstruction and Development (EBRD) is seeking to buy stake in a Russian stock exchange, Reuters reports. The united Russian bourse has been formed by merging the MICEX and the RTS Stock Exchange.

In June, RTS’ five largest shareholders entered an agreement to offload a controlling stake to MICEX. The united bourse also intends to conduct a $300 million initial public offering at the end of 2012 or beginning of 2013.

Click here for the story from Reuters.

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