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Transparency Of Russian Companies And Their Activity Decrease In The Financial Markets

Table 1:

Company name Exchange, the year of delisting Reasons
«Uralkali» leaving the London stock exchange (LSE) in 2015 Low demand from foreign investors.
«RusPetro» leaving the London stock exchange (LSE) in 2016 High listing costs of $5 million per year.
«Polus Gold» leaving the London stock exchange (LSE) in 2016 The main shareholder Suleiman Kerimov is in the sanctions list.
« Pharmstandard » leaving the London stock exchange (LSE) in 2016 Decrease in capitalization of the company; the need to reduce costs and simplify the corporate structure.
«PIK» Group leaving the London stock exchange (LSE) in 2017 Decrease in the volume of transactions on the London stock exchange, a significant difference in price between Global Depository Receipts (GDRs) on the London stock exchange and ordinary shares of the company on the Moscow stock exchange.
«NordGold» leaving the London stock exchange (LSE) in 2017 Low liquidity of receipts traded on the London stock exchange + Fears of sanctions against the major shareholder Alexei Mordashov.
«UC Rusal» leaving Euronext (Paris) in 2018 The main shareholder Oleg Deripaska is in the sanctions list.
«MegaFon» leaving the London stock exchange (LSE) in 2018 The threat of sanctions against the major shareholder Alisher Usmanov; the decrease in the activity of foreign investors; the decrease in the possibility of paying dividends with the adoption of a new strategy for the development of 5G.
«Cherkizovo Group» leaving the London stock exchange (LSE) in 2018 The reduction of administrative costs and "limited liquidity" of receipts on the LSE. The possible reason is the threat of sanctions against the main shareholder Igor Babayev.
«Chelyabinsk Zinc Plant» leaving the London stock exchange (LSE) in 2018 Decrease in the volume of transactions on the London stock exchange. The possible reason is the threat of sanctions against Iskandar Makhmudov, Andrei Bokarev, Andrei Kozitsyn and partners who own the Ural mining and metallurgical company (UMMC) - the main shareholder of the Chelyabinsk zinc plant (CZP).
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