The Russian Federal Antimonopoly Service (FAS) approves the merger of the MICEX and the RTS

The Russian Federal Antimonopoly Service (FAS) approves the merger of the MICEX and the RTS

12/09/2011

The merger of the MICEX and the RTS has been approved by the Federal Antimonopoly Service of the Russian Federation.

Welcoming the decision of the FAS, the MICEX President Ruben Aganbegyan said: "The merger has been approved by all parties: shareholders in the two exchanges and the FAS. The merger of Russia’s two major exchanges has entered its final stage. I believe in success, I believe in synergy between our companies, which are destined to become one. We will be a united, strong, customer-oriented trading floor that is able to meet the current challenges of the globalized world."

Chairman of the RTS Board Roman Goryunov believes that the FAS’ approval opens the way for the final implementation of the merger. "This means that by the end of the year we will be a single company. In fact, we have already begun to work as a unified team. We have done a lot of work together, including the analysis and the joint assessment of markets, products and services. Before long, the results of our work will be submitted to market participants for consideration and discussion. Our plan is to build an exchange that will be sought-for and convenient for clients", said Roman Goryunov.