Uralkali considers delisting from LSE as H1 profits rise

By Myles McCormick
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.

The...

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