Friday September 28 2018

News Source: Global Exchanges

Focus: Other

Type: General

The Supervisory Board of Moscow Exchange (MOEX) resolved to expand its strategic partnership with the Kazakhstan Stock Exchange (KASE) during its meeting on 27 September. It approved the acquisition of an equity stake in the company. The decision comes as part of MOEX’s agreement with the KASE signed in April 2018. Moscow Exchange plans to acquire up to 20 percent of KASE in two stages by the end of 2019. MOEX plans to spend approximately RUB 338 million to purchase the KASE shares.

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