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Retail

O'Key Group's GDRs Approved For Listing On Moscow Exchange

Russian retailer O'Key Group has said that its global depositary receipts (GDRs) have been approved for listing on the Moscow Exchange.

The Group’s GDRs are included in the Exchange’s Level 1 quotation list.

The retailer expects the GDRs to begin trading on 14 December, under the ticker OKEY.

The group said that it will continue to maintain its primary listing on the London Stock Exchange, where its GDRs have traded since 2010.

As of 30 September, the group, which operates hypermarkets under the O'Key brand as well as the Da! discounter banner, operated 182 stores across Russia. It launched its first hypermarket in St Petersburg in 2002.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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