Moscow Exchange to suspend trading in X5 GDRs from April 5

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MOSCOW - Russia's Moscow Exchange on Monday said it would suspend trading in the global depositary receipts of Russian retailer X5 from April 5 following an order from the Russian government.Related stories

X5 said possible restrictions could include prohibitions on voting in the shareholder general meeting and X5 being unable to dispose of its shares in the subsidiary or receive distributions from the subsidiary’s net profit.

 

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