UAE Investment Fund Buys 6.86% Of Moscow Stock Exchange

The UAE investment company Fundament Capital Investment Management has purchased 6.86% of the shares in the Moscow Stock Exchange (MOEX), acquiring them from the American State Street Bank and Trust Company.

MOEX said that Fundament Capital received 156,177,798 shares on September 30.

The main shareholders of Moscow Exchange are now the Bank of Russia (11.7%), Sberbank (10%), VEB (8.4%), Fundamental Capital Investment Management (6.86%) and the European Bank for Reconstruction and Development (5.3%).

MOEX is the largest stock exchange in Russia and has a market capitalisation of US$773 billion and represents 219 publicly quoted companies.  

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