Russian healthcare company will join London exchange with market cap of US$900mn.
Depositary Receipts (ADR/GDR)
Russian mobile company plans to list in London and Moscow before the end of the year.
Russian freight rail group issues depositary receipts in London.
BNY Mellon aims to educate the market with a new addition to its African depositary receipts team.
Orascom Development, the Egyptian real estate company, is looking to issue the first-ever Egyptian depository receipt (EDR). The company is working with EFG Hermes and the Bank of New York Mellon to arrange the issue later this year.
RusHydro, the world’s largest publicly traded hydro generational company, has listed on the London Stock Exchange (LSE), making it the first GDR listing on the LSE since February. Bank of New York Mellon is the depository bank.
US banks are scrambling to raise billions of dollars in equity, in order to pay back funds they have borrowed from the US government. Investors, meanwhile, have regained faith in financial stocks.
Bank’s securities services division brings Bernardo from Moscow to Joburg to become South Africa country head.
The real estate company's CFO is keeping a careful eye on cash, writes Tim Burke.