03/07/2014
Ukrainian crisis led to the escape of a large capital
«Russian Central» Sell 11% of the MICEX capital
The Russian Central Bank announced yesterday that it sold 11.7 per cent of the capital of the MICEX around 340 million euros, hoping to permanently unlink the Russian capital market, according to the ' French '. The Russia Bank said -who owned in May 28.2 per cent of the capital group-statement: he sold 267.2 million shares. The demand is greater than supply by several times ', but admitted that he had sold stock in particular, i.e. reduction of 60 roubles per share compared to the closing price of 65.2 rubles on Monday. The Ukrainian crisis has led to considerable capital flight and financial institution underscored the interest of foreign investors in Western and Asian shares. Sergei Shvitsov said, Deputy Head of the Central Bank, quoted by Russian news agencies: the European investors took possession of one third of the shares, 10 percent of Americans, and Asians 15 percent.
Russian investment funds, off the Russian Development Bank General, collect it ' Consortium of institutional investors from China and Singapore, the UAE and Qatar and the United States, Britain and Germany to buy part of the share of the Russian Central Bank selling. The Central Bank announced late Tuesday that its Board approved the sale of all its applied a decision taken by the Government in 2013. The operation has cost banks Goldman Sachs and JP Morgan at t capital wesberbenk CIB. The Russian authorities have made in recent years to update the stock market a priority, where the first two exchanges merge Moscow then incorporated the new group on the stock exchange by early 2013. The former Finance Minister Alexei Kudrin, who was powerful and remained in Government for ten years until 2011, has fallen on deaf ears in economic circles, was named last week as Chairman of the Supervisory Board.
