06.11.2008, 17:02
CBR Could Launch Stock Repurchase Transactions in November
OREANDA-NEWS. November 6, 2008. CBR could launch stock repurchase transactions in November, first deputy CBR chairman Alexey Ulyukaev told the media Wednesday. "Until now the central bank hasn’t maintained any contractual relations with MICEX Group. Documents will be needed for this. I believe that CBR and MICEX Group should get it done within two weeks" – Ulyukaev said. He noted that the most important thing is that a relevant law permitting CBR to carry out repurchase operations has been adopted. The central bank, in turn, also took a decision to this effect. Now it’s time to team up with MICEX Group and get it done, Ulyukaev said.
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