28
Jun
16:27
MMK's GDRs removed from LSE books
Russian steelmaker Magnitogorsk Iron and Steel (MMK)’s depositary receipts (DR) programme has been removed from the London Stock Exchange official list on 27 June, the company says.
The removal follows the termination of the programme, filed on 25 May to Citibank, N.A., in the wake of the Russian law amendment prohibiting the circulation of MMK's depositary receipts outside of Russian on 13 May (see Kallanish passim).
This came as a result of numer…
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Very good overview of the weekly steel market.
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