RussiaТs AFI Development plans to delist from LSE in Feb
MOSCOW, Jan 15 (PRIME) -- RussiaТs AFI Development plans to delist its global depositary receipt (GDR) from the London Stock Exchange (LSE) tentatively on February 21, 2020, the LSE said in a report on Wednesday.
Flotonic Limited owns 93.08% in AFI Development, including a 91.84% voting stake. In October, the company announced a buyout offer and on December 20, its stake exceeded the limit set for obligatory delisting.
The buyout offer remains in force until January 27.