RTS Offers KIT Finance $86 Million for Stake, Vedomosti Says
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The RTS, Russia’s dollar-denominated stock exchange, offered KIT Finance $86 million for the 11.5 percent stake in RTS that it owns, Vedomosti reported, citing two unidentified people close to the RTS board.
The buyback offer is an attempt by RTS to defend itself from a possible takeover by the Micex, Russia’s ruble-based exchange, Vedomosti said, citing the same people.