Ukrainian company buys 20% Russian stake in Ukrainian Exchange

Dragon Capital Investment Group said Dragon Capital s.r.o. had completed the acquisition of 19.9880% shares in the Ukrainian Exchange, the third largest stock exchange in the country in terms of trade volumes.

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As previously reported, the deal was approved by the National Securities and Stock Market Commission (NSSMC) on January 12, 2016.

It is noted that Teta Partners Ltd will also finish the final purchase of the stake in the Ukrainian Exchange from Moscow Exchange MICEX-RTS PJSC in the near future, after which the shareholders of the Ukrainian Exchange and market participants will develop a strategic plan of Ukrainian Exchange's further development.

Read alsoRada supports in 1st reading bill to facilitate grand privatizationAs UNIAN reported earlier, the NSSMC authorized on January 13 the acquisition of 19.99% of the shares in the Ukrainian Exchange by Dragon Capital, whose ultimate beneficial owner is Tomas Fiala.

On January 26, the Licensing Expert and Appeal Board of the State Regulatory Service of Ukraine satisfied an appeal of the Ukrainian Exchange regarding the NSSMC decision to revoke its license due to the fact that its current shareholder, the Moscow Exchange, which is a resident of the aggressor state, had been involved in the deal. 

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