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Gazprombank buys 2% of RTS stock, increases stake to 2.5%

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MOSCOW, September 19 (RIA Novosti) - Gazprombank, a subsidiary of Russian energy giant Gazprom [GAZP], has increased its stake in the Russian Trading System to 2.5% after purchasing 2% Tuesday, a spokeswoman said.

The 10% stake in RTS has been on sale since September 18 and will last until September 22. On each of the five days, the partnership members are invited to buy 16,000 shares, or 2% of the total of RTS stock.

Anna Cheryomushkina said the price of one share is 1,550 rubles ($57.8), with a par value of 100 rubles ($3.7).

The sale of the RTS package is being carried out in line with an RTS restructuring strategy, approved at a partnership meeting August 3.

The charter capital of the RTS Stock Exchange joint-stock company, established in late 2003, is 80 million rubles ($3 million), and is divided into 800,000 ordinary shares.

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