/IRBIS, June 30, 2011/ - Shareholders of the MICEX and RTS have signed an agreement to merge the two exchanges, in which a MICEX group will by RTS controlling stake. Association of stock exchanges, is expected to occur by early 2012, reported June 29 the Air Force.

As indicated, the merger of trading platforms designed to increase the attractiveness of Moscow's business and accelerate the transformation of the capital in international financial center.

"Today was a great event for both exchanges. In fact, was signed the marriage contract", - said the deputy chairman of Bank of Russia - the largest shareholder in the new exchange - Sergei Shvetsov.

The merger of exchanges is due to the desire of the Russian authorities to develop the infrastructure of the financial market in order to attract investors and create a future international financial center, which has repeatedly said the Russian president, Dmitry Medvedev.

On the transaction shareholders have agreed in early February 2011. Under the deal, the MICEX buys controlling stake in the five shareholders of the RTS - "Renaissance Capital", "Aton", Alfa-Bank, "Troika Dialog" and "Da Vinci".

Later MICEX can buy shares and other shareholders of RTC. As previously said the head of MICEX Ruben Aganbegyan, the deal will be 1.15 billion dollars. 35% will be paid in cash, 65% - MICEX stock, that is, shares in the merged exchange.

The capitalization of the combined exchanges may reach 5-7 billion dollars, said in an interview with "Vedomosti" first deputy chairman of Bank of Russia Alexei Ulyukayev, and the share of Bank of Russia in MICEX following the merger will be approximately 22%.

Following today's signing the agreement must be obtained for the deal from the Federal Antimonopoly Service, and approval by the shareholders of the transaction exchanges must also be obtained.

MICEX and RTS will then work together to establish a new format. In 2013, companies are going to hold an IPO of unified platform.

[2011-06-30]