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Nornickel is first Russian firm to get OK to keep listing abroad
Metals giant Nornickel has become the first Russian company to be granted permission by a government commission to keep its listing abroad - for one year for now. Nornickel, the world's largest producer of palladium and refined nickel, and other large Russia-registered firms have sought government approval to keep their depositary receipts traded on foreign bourses.The approval has been needed since President Vladimir Putin in April signed a bill requiring Russian companies to delist their depositary receipts abroad in a bid to reduce foreigners' control over these firms. Nornickel said on Thursday a government ... (full story)