On 19 December 2016, Moscow Exchange Group announced that has completed an internal reorganization in which CJSC MICEX Stock Exchange and MB Techonologies, wholly-owned subsidiaries of Moscow Exchange, were merged with the parent company.
Accordingly, MICEX Stock Exchange and MB Techonologies have legally ceased to exist as of 19 December.
Moscow Exchange has become a legal successor of all MB Technologies’s rights and obligations from the merger date.
The restructuring aims to optimise the Group’s corporate structure, streamline customer relationships with Group companies and reduce costs both for customers and for the Exchange.