NSD acquires majority stake in DCC
13 April 2012 Moscow
Image: Shutterstock
Russian settlement depository NSD has acquired 97.8 per cent of DCC shares as part of the integration of NSD, DCC and Settlement Chamber RTS.
Eddie Astanin, chairman of the executive board for NSD, said: "The acquisition of DCC stake by NSD is a part of the plan of integration in respect of MICEX and RTS merger held in 2011. The integration process now is in full swing, it is being implemented in compliance with the plans; it is also being coordinated with our clients."
Maria Krasnova, chief executive officer of DCC, added: "The acquisition of DCC shares by NSD will contribute to more harmonious and efficient interactions of the integrated companies and to optimisation of the integration processes."
Eddie Astanin, chairman of the executive board for NSD, said: "The acquisition of DCC stake by NSD is a part of the plan of integration in respect of MICEX and RTS merger held in 2011. The integration process now is in full swing, it is being implemented in compliance with the plans; it is also being coordinated with our clients."
Maria Krasnova, chief executive officer of DCC, added: "The acquisition of DCC shares by NSD will contribute to more harmonious and efficient interactions of the integrated companies and to optimisation of the integration processes."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
