Phosagro Sees London Primary Listing as Ultimate Goal, CEO Says
Stock Chart for Phosagro OAO (PHOR)
OAO Phosagro, the largest phosphate fertilizer maker in Europe, has an “ultimate goal” of a London primary listing, Chief Executive Officer Maxim Volkov said.
“It is the ultimate goal probably but right now we’re just at the beginning of this process,” Volkov said in an interview on Bloomberg Television’s “Countdown” with Owen Thomas.
Russian companies aim to lure foreign investors by offering shares in the U.K. OAO Polyus Gold, Russia’s largest producer of gold, closed a reverse takeover last month to gain a listing and aims to join the FTSE-100 Index. OAO Polymetal picked Deutsche Bank AG, Morgan Stanley and HSBC Holdings Plc to bring it to the London market, three people with knowledge of the matter said.
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