Moscow Exchange sale of stakes in Ukrainian Exchange and PFTS Stock Exchange

Overview:

• Two groups of private equity investors acquired stakes in Ukrainian stock exchanges Ukrainian Exchange and PFTS Stock Exchange from Moscow Exchange for undisclosed fees. 
• Dragon Capital and Univer Capital acquired Moscow Exchange's 50% plus one share stake in Ukrainian Exchange.
• Favorit and Investment Capital Ukraine bought Moscow Exchange's 43.08% stake in PFTS.
• Following Russia's annexation of Chrimea, Ukraine implemented legislation in June 2015 permitting it to cancel licences for businesses if the company was controlled by a Russian entity. 

Ben Naylor - Regional editor