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Credit Suisse buys shares RTS for an unknown client

According to the newspaper Kommersant, the investment company Finam, is a minority shareholder in OAO RTS Stock Exchange “, has sold about 1.5% of the shares in the Exchange Bank of Credit Suisse (CS). This was the second major transaction, done with the RTS shares in favor of the Investbank. Previously, the investment bank CIT Finance sold a 1.05% stake in RTS for large Russian investment fund whose name is unknown. Counterparties to the transaction also spoke Credit Suisse. Shareholders felt that Credit Suisse represents the interests of one client interested in buying a significant stake to the Exchange.

the sale of shares in RTS investment bank Credit Suisse said Dmitry Serebrennikov, who heads the Division of Investment “in the company Finam.” “The transaction took place in the section indicative quotes RTS Board. We sold the package to $7 million at a price of about $530 per share”, – said Serebrennikov.

Analysts believe that minority shareholders in the near future will try to sell the shares RTS major market participants, as is currently traded on securities exchanges fair price that represents a good opportunity to record profits.