MOSCOW, January 29 (RIA Novosti) - The Russian Trading System (RTS) is holding consultations with the Ukrainian stock market regulator on the purchase of a controlling stake in Ukraine's Innex bourse, the RTS board chairman said Monday.
The board of directors of Russia's premium stock exchange made a decision January 25 to buy 60% of the shares in the Innex exchange by the end of the year, given approval by the Ukrainian regulator.
"After drafting a specific project on the purchase of the Ukrainian exchange, we will deal directly with Ukraine's regulator," Oleg Safonov said.
Innex (Donetsk stock exchange) was registered in 1996. The shareholders of the Ukrainian exchange made a decision in September 2006 to rename it and move it from Donetsk, in the country's east, to the capital of Kiev.
In the first nine months of 2006, the exchange registered a turnover of 3.6 million hryvna (about $705,660), or less than 2% of exchange turnover in Ukraine.
