Russia’s Sberbank plans to drop its London listing -Breaking
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© Reuters. FILE PHOTO – The logo can be seen in an Sberbank office in Saint Petersburg on April 19, 2022. REUTERS(Reuters) – Russia’s biggest lender, Sberbank has announced plans to withdraw its London listing after the depositary ended an agreement with them.
Depositary receipt holders of Sberbank can exchange their receipts for shares within six months, the bank stated in a statement. It also said that the London Stock Exchange had been notified of Sberbank’s intention to end the circulation.
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