13:59 24.09.2015

Ukrainian investors plan to buy shares in Ukrainian Exchange, PFTS from Moscow Exchange

2 min read
Ukrainian investors plan to buy shares in Ukrainian Exchange, PFTS from Moscow Exchange

Ukrainian investment companies are interested in buying shares in Ukrainian Exchange and PFTS stock exchange (both based in Kyiv) from Moscow Exchange (Russia), the National Commission for Securities and the Stock Market of Ukraine has reported.

The commission said in a press release on Wednesday that Favorit and Investment Capital Ukraine (ICU) informed the regulator that they want to buy a 50% plus one share in PFTS from Moscow Exchange, and Dragon Capital and Univer Capital (all based in Kyiv) want to buy 43.084% shares in Ukrainian Exchange.

Favorit financial company said on Wednesday that the company plans to buy 16,010 shares in PFTS with a face value of UAH 1,000, which equals to 50% plus one share in PFTS which belongs to Moscow Exchange.

On June 28, 2015, the law on licensing some types of economic activities took effect in Ukraine, according to which license holders could be deprived of their licenses if they are controlled by a resident of the country-aggressor (Russia) against Ukraine.

The shareholder in PFTS and Ukrainian Exchange is Russia's Moscow Exchange.

The commission plans to study the intentions of Ukrainian investors and next week it will discuss the terms of the deals and draw up the schedule for observing the requirements of the law on licensing some types of economic activities.

Commission Head Tymur Khromayev believes that the withdrawal one of the exchanges from the market would not be a catastrophe.

Board Chairman of Ukrainian Exchange Oleh Tkachenko told Interfax-Ukraine that the deal is subject to approval by the supervisory board of Moscow Exchange.

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