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Moscow Exchange IPO Heralds Russian Privatizations

15.02.2013 13:05 / Interfax

The Moscow Exchange IPO is a starting gun for privatizations in Russia, said Head of Federal Financial Markets Service Dmitry Pankin at the opening ceremony of the Stock Exchange share trading on Friday.

"This is a good sign and a crucial test that proves the possibility of domestic placements in local shares. I think this IPO must serve as a case study for other privatizations that will follow later this year and next", he said.

Pankin considers the stock exchange IPO a success, calling it the first milestone on a long journey. "The exchange has yet to solve a multitude of tasks, such as introducing Т+2 and becoming a real competitor to London, Frankfurt and New York. Since we have floated so successfully, we could start competing for more issuers and more volumes", he said.

Trading infrastructureProject Group №1Dmitry Pankin