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Russia’s AFI Development plans to delist from LSE in Feb

MOSCOW, Jan 15 (PRIME) -- Russia’s 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.

End

15.01.2020 10:21
 
 
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