U.S. Freedom Holding to acquire 20% stake in Ukrainian Exchange

Ukraine's National Commission on Securities and Stock Market (NSSMC) June 3 green-lighted the acquisition of a 20% stake in the Ukrainian Exchange by the U.S. Freedom Holding, which is the parent company of Freedom Finance Ukraine, a player on Ukraine's stock market.

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"This suggests that not only local players, but also backbone international investors see good potential in the market and believe in the fast recovery of the Ukrainian economy," the Ukrainian Exchange's press service quoted the company's CEO Artemiy Yershov as saying.

The fact that a strong foreign investor has joined the capital of the exchange is a positive signal for the Ukrainian stock market, he said.

UNIAN memo. Freedom Holding Corp is a corporation organized in the United States under the laws of the State of Nevada that owns several operating subsidiaries that engage in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking and underwriting services in Central Asia. The company is headquartered in Almaty, Kazakhstan, with supporting administrative office locations in Russia, Cyprus and the United States and is a professional participant on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, and the Republican Stock Exchange of Tashkent (UZSE).

Established in October 2008, the Ukrainian Exchange has become one of the fastest developing exchanges in the world. Now it offers trading in a wide array of financial instruments from equities to futures and options.