PhosAgro PJSC, Moscow, has secured formal permission from the Russian government’s Commission on Monitoring Foreign Investments for the group to maintain its global depositary receipts program and circulation of securities issues as part of the program, the fertilizer group said on May 19. Permission has been granted for an indefinite term.
Fellow Russian fertilizer producer PJSC Acron Group last month decided to terminate its GDR listing on the London Stock Exchange (LSE), and expects the final day of GDRs trading on the LSE will be May 24 (GM April 29, p. 32).