Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

Moscow stock exchange to float

Moscow stock exchange to float
Euronews logo
Text size Aa Aa

Turning Moscow into a global financial centre is the reasoning behind plans by the Moscow Exchange to float, a move which could raise around 380 million euros.

The exchange is Moscow’s main venue for trading in stocks, bonds, foreign exchange and derivatives. Some of Russia’s biggest firms, like Gazprom, and oil firm Lukoil, are listed on the exchange.

The proposed float was announced in a statement and shares will be offered for sale to foreign investors as well as Russian citizens.

Details of the offering were scant and gave no information on its size.