Moscow Exchange board to consider exit from Ukraine's Innex
MOSCOW. July 27 (Interfax) - The board of directors of the Moscow Exchange will on July 31 consider divesting the exchange's stake in Ukraine's Innex Stock Exchange, Moscow Exchange materials show.
It was reported at the end of June that Kyiv-based Ukrainian Exchange is holding negotiations with Moscow Exchange, which owns 43.084% of Ukrainian Exchange, to buy out the shares.
Another Ukrainian stock exchange, Kyiv-based PFTS has announced plans to hold an extraordinary general meeting on July 30 to consider buying out the controlling stake of 50.0156% in the exchange now owned by Moscow Exchange.
A new law on licensing of certain types of business activities, under which a business can lose its license if it is controlled by a resident of a country that is exercising armed aggression against Ukraine, went into effect in Ukraine on June 28.
