The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Welcome stories


31 March 2011
28/03/2011 The London Stock Exchange welcomes Federal Grid to the Main Market

The London Stock Exchange today welcomed Federal Grid (FEES), the operator and manager of Russia’s unified electricity transmission grid system, to mark the first day of unconditional trading in its global depository receipts on the Main Market of the London Stock Exchange following its successful listing on the LSE.

federalgrid

Federal Grid provides electricity transmission services to the Russian energy market. With over 121,000 km of transmission lines and approximately 800 substations with over 305 GVA of installed transformer capacity, it is the largest publicly traded electricity transmission company in the world.

Oleg Budargin, Chairman of the Management Board of Federal Grid, said: “We are delighted to see the launch of trading in Federal Grid’s GDRs on the London Stock Exchange. This is an important milestone for Federal Grid, which is a leading Russian blue chip company and the largest electricity utility in Russia by market capitalisation.

The reason for this listing is to make it easier for international investors to access our shares. We believe that this international listing will help to boost the liquidity of our depositary receipts and further diversify our investor base“.

.

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds