Global Capital Markets

MICEX, the largest universal exchange in Russia, is thinking of an IPO, reported Vedomosti. In a lengthy interview, MICEX CEO Alexander Potemkin said that MICEX is seriously considering becoming a public company. However, at first the mother company of the MICEX Group, Close Joint Stock Company MICEX, would have to be transformed into an open joint stock company, Potemkin said. He noted that MICEX has attracted interest from foreign exchanges.
Potemkin also said that he was not aware of plans to merge MICEX with Russian rival RTS, Vedomosti reported.
The MICEX Group recorded net profit of RUB 1.1bn (EUR 31.7m) on net revenues of RUB 2.9bn (EUR 83.6m) in 2005.

Source Vedomosti