Detsky Mir’s shares on the Moscow Stock Exchange Index will be filled by Rusagro depository receipts. In November 2022, Detsky Mir announced that it was reorganizing from a public company to a private one, the shareholders approved this decision.
The Moscow Stock Exchange announced new calculation bases for the index. As of March 17, the site sets free float values and additional restrictive weights for securities from multiple issuers.
Instead of Detsky Mir shares, Rusagro certificates of deposit will be included in the indices of the Moscow Stock Exchange and RTS. Detsky Mir shares will be excluded from many other indices.
In November 2022, Detsky Mir announced the reorganization of the company. The company will cease to be public and will become private. This decision of the company in December was approved by its shareholders.
Detsky Mir decided to reorganize its business under the pressure of sanctions and the difficulties that certain restrictions entail.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
