Cartesian, Russian Fund Pick Up Stakes In Moscow Exchange

Law360, New York (July 20, 2012, 5:30 PM EDT) -- Private equity firm Cartesian Capital Group LLC and the Russian Direct Investment Fund have scooped up a minority stake in the Moscow Exchange of OJSC MICEX-RTS from ZAO UniCredit Bank, the companies announced Friday.

The deal with Russia's eighth largest bank gives RDIF a 2.7 percent stake and Cartesian another 2.5 percent hold in MICEX-RTS, which is readying itself for an initial public offering, the companies said. 

A spokesman for New York-based Cartesian declined to comment on financial details and other terms of the deal, and...
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