Public Joint-Stock Company Moscow Exchange MICEX-RTS (MISX:MOEX) intends to acquire a stake of approximately 13% in Kazakhstan Stock Exchange Joint-Stock Company (KAS:KASE) as part of a strategic cooperation agreement between the stock exchanges, Kapital.kz reported Oct. 30, citing Interfax-Kazakhstan. The purchase is expected to be completed in 2020, according to Igor Marich, Moscow Exchange's managing director for sales and business development.

Moscow Exchange decided to acquire up to 20% of the Kazakh bourse in 2018 for roughly RUB 338 million but has moved the planned purchase of the shares twice since the initial decision, Kapital.kz noted.