Hong KONG /XIANGGANG/, may 4. /TASS/. The procedure of delisting of global Depositary receipts (GDR) of “RUSAL” on Euronext Paris, is expected to be 7 may. This is stated in the message of the Russian aluminum producer, posted Friday on the Hong Kong stock exchange.
“The company was informed by the Euronext Paris stock exchange that it will continue the procedure associated with a delisting of global Depositary receipts representing shares of the company. Expected date of delisting on may 7”, – is spoken in materials of “RUSAL”.
Of intent to conduct a voluntary delisting of GDRs with Euronext RUSAL announced on 5 April. This procedure was planned to close on 4 may. However, the next day, April 6, the U.S. announced sanctions against “RUSAL”. After that, many counterparties refused to work with the Russian company.
On April 19 reported that Euronext stopped the delisting procedure of “RUSAL”.