Thursday 12 September 2013

VimpelCom Mulls European Listing | Business | The Moscow Times

VimpelCom Mulls European Listing | Business | The Moscow Times:

"No. 3 mobile operator VimpelCom plans to list on a European stock exchange in a bid to make its shares more marketable, reports said Thursday.

The company's CEO, Jo Lunder, told the Bloomberg news agency about the plan and a spokesperson confirmed that VimpelCom is looking to attract more European investment, Vedomosti reported.

VimpelCom did not offer a location or a timeframe for the move.

On Tuesday, the telecom giant moved its American depositary receipts listing from the New York Stock Exchange to NASDAQ, where more shares of technology companies are traded, in an attempt to give them more liquidity, Lunder said."

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