03:55 GMT +324 January 2019
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    UBS Securities, Renaissance Broker buy 2% of RTS stock

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    MOSCOW, September 21 (RIA Novosti) - UBS Securities, an international investment banking and securities firm, and Russian securities company Renaissance Broker bought a 2% package in the Russian Trading System stock exchange, an RTS spokeswoman said Thursday.

    The 10% stake in RTS has been on sale since September 18, and will be until September 22. On each of the five days, the partnership members are invited to buy 16,000 shares, or 2% of the total of RTS stock.

    Anna Cheryomushkina said UBS Securities bought 4,000 shares at the maximum price of 1,850 rubles ($69) per share, while Renaissance Broker, which applied for the full package, bought 1,200 shares at 1,800 rubles ($67.2) per share.

    "The price of the concluded deals corresponds to RTS's capitalization of $55.2 million," she said.

    On Tuesday, Gazprombank, a subsidiary of Russian energy giant Gazprom [GAZP], increased its stake in the Russian Trading System to 2.5%, after purchasing 2%.

    The sale of the RTS package is being carried out in line with an RTS restructuring strategy, approved at a partnership meeting August 3.

    The charter capital of the RTS Stock Exchange joint-stock company, established in late 2003, is 80 million rubles ($3 million), and is divided into 800,000 ordinary shares.

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