Deutsche Bank has sold its 9% stake in RTS Stock Exchange for an undisclosed amount, Financial Times reports. RTS is owned by domestic brokers, including Troika Dialog and Alfa Bank, and the German bank was its largest foreign shareholder. The stake sale comes before the merger of RTS with Micex. The merger deal between the two exchanges values Micex at $3.45 billion and RTS at $1.15 billion. Micex is expected to pay for 35% of the controlling stake in cash, and the balance via a share swap.
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