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25 Jul
17:21

Severstal applies to exit London Stock Exchange

Severstal submitted a request to the Financial Conduct Authority (FCA) and the London Stock Exchange (LSE) to cancel the listing of its global depositary receipts (GDRs) on 22 July, the company says. This is despite Russian authorities granting the company permission to continue with its foreign listings, Kallanish notes. The decision to cancel the listing of the GDRs and to terminate the programme was driven by the introduction of a number of sanctions agai…
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