New limits on Russian companies listing abroad
Published: 10 July, 2008, 08:22
Russian regulators have introduced new limits on companies listing abroad.
Firms working in the oil and metals sectors will now be allowed to sell no more than 5 % of their shares on foreign markets.
Under the new rules, companies involved in industries related to national security and defense will be restricted to selling 25%.
Currently all Russian companies are allowed to list no more than 35% of their stock on a foreign exchange.
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