By Reuters Jun 1, 2018 10:55:17 PM IST (Published)
Follow real-time updates on Union Budget 2023Catch exclusive videos on Union Budget 2023 from CNBC-TV18
The London Stock Exchange said on Friday that it would cancel plans to suspend trading in global depositary receipts (GDRs) of En+, following a decision by the US Treasury Department to give U.S. investors more time to divest from the company which is affected by sanctions against Russia.
Recommended Articles
View All
World Cancer Day 2023: Early detection is crucial for reducing the global burden
Feb 4, 2023 IST5 Min(s) Read
World Cancer Day 2023: A way forward to better management of cancer this year!
Feb 4, 2023 IST6 Min(s) Read
Pakistan economy at alarming level as foreign reserves drop to $3.1 billion from $16.6 billion in a year
Feb 3, 2023 IST3 Min(s) Read
FM Nirmala Sitharaman speaks on inflation, taxes, GDP and more. Read the full interview here
Feb 3, 2023 IST37 Min(s) Read
Washington imposed sanctions on some of Russia’s biggest companies and businessmen, including London-listed En+, on April 6, striking at allies of President Vladimir Putin to punish Moscow for alleged meddling in the 2016 U.S. presidential election and other so-called malign activities.
En+ manages the aluminium and hydropower businesses of Russian businessman Oleg Deripaska.
The LSE has postponed the suspension of En+ GDRs before, but this time it did not say whether a suspension would take effect at a future date.
“The Exchange will not suspend the trading of En+ Group GDR... on Friday 1 June 2018,” it said in a statement.
“The Exchange will continue to monitor the situation and is in communication with the UK authorities.”
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!