Moscow Exchange launches service for trading shares in unlisted companies -statement

MOSCOW, April 10 (Reuters) - Russia's Moscow Exchange said on Monday that it had launched a new platform to trade shares of unlisted companies with 10 shares or fewer.

In a statement, Boris Blokhin, director of the Moscow Exchange's Equity Market Department said that the new service would allow unlisted companies to "get the first experience of secondary circulation of their securities and find new shareholders who are ready to finance interesting projects and wait for the company to go public".

According to the statement, the service is available only to "qualified investors". (Editing by Alison Williams)