Moscow Exchange's Supervisory Board approves strategic partnership with KASE
At its meeting on 27 September, the Supervisory Board of Moscow Exchange (MOEX) resolved to expand its strategic partnership with the Kazakhstan Stock Exchange (KASE) and approved the acquisition of an equity stake in the company. The decision comes as part of MOEX’s agreement with the KASE signed in April 2018.
Moscow Exchange plans to acquire up to 20 percent of KASE in two stages by the end of 2019. MOEX plans to spend approximately RUB 338 million to purchase the KASE shares.
Kazakhstan Stock Exchange (KASE) is the leading trading venue in the Asia-Pacific Region and the only Kazakh exchange running its operations on the financial market. It is a multi-asset marketplace with a product offering including repo instruments, foreign currencies, government and corporate securities, international bonds and derivatives.
Moscow Exchange Group manages the sole multifunctional exchange platform in Russia for equities, bonds, derivative instruments, currencies, money market instruments and commodities. The Group includes Russia's central securities depository (National Settlement Depository), and National Clearing Centre, performing the functions of central counterparty on the markets, which allows Moscow Exchange to offer its clients the full spectrum of trading and post-trading services.