MTS made a delisting from the stock exchange in new York

  • And
  • +A

The company will review its presence in the equity markets. The main venue for the securities of the company may be Mosberg, and listing in the US will check for compliance with the interests of shareholders. The company completed an IPO in new York in 2000, on the MICEX, its shares were the result of the sale of the stake owned by Deutsche Telekom. This news paper mobile operator will be reduced by 3%,as of 17,15 quote on Mosberger – 254 RUB Decrease in quotations reached 5%.
This, of course, hardly cheered investors, who for many years was considered the MTS as a conservative investment with good dividend yield. What is the true reason for this step? Perhaps the risk of sanctions against the “Sistema” or the unwillingness to pay for the Uzbek case. We do not think that “AFK System” wants to devalue the shares of minority shareholders, and then to redeem them. However, this is certainly bad news.
_____________________
Alexander Razuvayev,
Director of information-analytical center,
Alpari