Uralkali considers delisting from LSE as H1 profits rise
Published: Tuesday, 25 August 2015
The Russian potash miner said it no longer considers its London listing a strategic priority, as it works to deal with market challenges and seeks to reap the benefits of a single Moscow listing. Meanwhile, a weaker rouble boosted the miner’s bottom line amid challenging market conditions.
London and Moscow-listed potash producer
Uralkali OAO today announced that following a review of the
benefits of listing its gross depository receipts (GDR), it no
longer considers the listing of its GDRs on the London Stock
Exchange (LSE) a strategic priority.