As part of the deal, EBRD will have the right to nominate a candidate for the exchange’s board of directors, which determines development strategy and agrees listing and reporting standards.
RDIF CEO Kirill Dmitriev said that this investment is an important building block in strengthening Moscow as an international financial centre.
"The RDIF can now fully leverage its extensive relationships with sovereign wealth funds and other leading investors to pursue additional pre-IPO investment in MICEX-RTS and to further improve its IPO prospects," added Dmitriev.
Russia’s two main stock exchanges, MICEX and RTS, merged in December 2011 to create a unified platform with a view to floating in 2013.
