Investors submit applications to acquire less than 50% of RTS shares now up for sale
MOSCOW. April 15 (Interfax) - Investors have submitted applications to acquire 1.1 million shares in OJSC RTS during an auction for the sale of a stake held by Clearing Center RTS on Friday, the RTS Index told Interfax.
This is less than half of the shares in the RTS now up for sale (a total of 2.714 million common shares, of 1.63% of the index's charter capital).
Applications were put up at a minimum set price of $6.25 (176.42 rubles) per share.
A source on the financial market told Interfax that Renaissance Capital submitted the majority of applications. Another source confirmed this.
An RTS spokesperson did not comment on this report and only said that the auction's results will be tallied next week.
Therefore, the index could make $6.8 million from the sale of its own shares.
One of the terms for acquiring Clearing Center RTS' share packet is that the buyers will be obliged and should ensure that the acquired shares are converted into stock in CJSC MICEX during the merger of RTS with the MICEX.
Clearing Center RTS is a 100%-owned subsidiary of OJSC RTS and part of the RTS Group.