X5 Retail Group (GB:FIVE) has released an update.
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X5 Retail Group N.V. has announced its intention to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange and the Moscow Exchange, a move prompted by the resignation of The Bank of New York Mellon as depositary. The delisting is expected to have minimal impact on GDR trading due to a lack of active market for approximately 30 months. The company is working on appointing a successor depositary, with the earliest potential delisting date set for 1 October 2024.
For further insights into GB:FIVE stock, check out TipRanks’ Stock Analysis page.
