The MOEX sell-off comes with a 6-month lock-up period, CB First Deputy Chairman Sergey Shvetsov told the press Wednesday at the International Banking Congress in St Petersburg.

According to him, the investors were allocated roughly 15% in Asia, 33% in Europe, with some 40% - in Russia. Over 10% shares were allocated to American investors.

Following the lock-up, CB obliged by federal law to exit MOEX by 1 January 2016. Shvetsov said the Central Bank still holds a roughly 11,7% stock in the Exchange.

“We had a case of accelerated book-building. We have worked with investors for a few months, but the book itself was built overnight. We never asked, never pleaded for shareholders’ support. This deal was made by the market”, said Shvetsov.

According to Moscow Exchange mid-May data, the Central Bank owned 28.26% of MOEX charter capital, or 643 million 937 thousand 109 shares, including repo contracts.

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