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Article: Mechel Announces Start of the Offering of Preferred Shares.
- Article from:
- PR Newswire Europe
- Article date:
- July 8, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOSCOW, July 8 /PRNewswire/ --
- NOT FOR DISTRIBUTION IN THE U.S., CANADA, JAPAN, AUSTRALIA, RUSSIA AND GERMANY
Mechel OAO, one of the leading Russian mining and metals companies, today announced the launch of its offering of preferred shares and Global Depositary Receipts (GDRs).
The preferred shares will be listed on the Moscow Interbank Currency Exchange (MICEX) and the Russian Trading System (RTS) under symbol MTLRP, and the GDRs are expected to be listed on the Frankfurt Stock Exchange (Frankfurter Wertpapierborse) on its Regulated Market (Regulierter Markt). Each GDR will represent an interest in one preferred share.
The ...