Nornickel is first Russian firm to get OK to keep listing abroad

Nornickel is first Russian firm to get OK to keep listing abroad

From miningweekly.com

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)

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