Russian investment bank acquires ABC Clearing Ltd in UK

Otkritie, a leading investment bank headquartered in Moscow, is pleased to announce the acquisition of a 100% interest in ABC Clearing Limited (’ABC’) from Compagnie Financiere Tradition.

The terms and deal value are not disclosed by mutual agreement of both parties. The acquisition of ABC was carried out as part of Otkritie's strategy to extend the servicing of its international institutional investors on the Russian securities market and provide Russian investors with access to the world’s largest stock exchanges.