MICEX, RTS Sign Merger

A long-anticipated deal signed Wednesday finalized the merger of Moscow’s two stock exchanges, MICEX and RTS, with the two entities expected to begin operating as a single unit by September. The united bourse, which will be renamed, intends to complete all the required legal paperwork by 2012 and hold an initial public offering for no less than $300 million in 2013. The merger had been under discussion for years with a non-binding […]