Support The Moscow Times!

MRSK Plans London IPO

MRSK Holding, which manages interregional power distributors, plans to list as much as 25 percent of its shares on the London Stock Exchange.

The company sought approval from the Federal Financial Markets Service to have almost 10.3 billion common shares and 519 million preferred shares trade in London, MRSK, also known as IDGC Holding, said Friday. Bank of New York Mellon will be the depositary bank.

The shares could be listed in the fourth quarter, Interfax reported, citing deputy chief executive Alexei Demidov.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.