Russia's En+ to delist GDRs from LSE

En+ MKPAO

08/10/2024 16:35

MOSCOW, Oct 8 (Reuters) - Russian metals and energy
group En+  ENPG.MM  has requested cancellation of the listing of
its global depositary receipts on the London Stock Exchange, the
company said on Tuesday.
    Cancellation of the listing is expected to become effective
on Nov. 8.
    "The request for the cancellation of listing and admission
to trading of the above securities is made to comply with
Russian Federal Law ... prohibiting the offering and trading of
foreign securities representing shares of Russian issuers
(including the company) outside the Russian Federation," the
company said.
    En+ owns a controlling stake in Russian aluminium producer
Rusal  0486.HK  and also owns large Siberian hydropower plants.


 (Reporting by Anastasia Lyrchikova 
Writing by Maxim Rodionov
Editing by David Goodman
)
 ((maxim.rodionov@thomsonreuters.com;))