Russia’s VTB Group Mulls Delisting From London Exchange

VTB Group, Russia’s second-largest lender, is considering removing its shares from the London Stock Exchange in favor of trading it stock in China as the bank seeks to challenge sanctions measures in court.

“We consider this possibility” of listing in China, Chief Executive Officer Andrey Kostin told reporters at the Asia-Pacific Economic Cooperation summit in Beijing. “We are not satisfied with the position of the London Stock Exchange and we will seriously consider our continued participation at the LSE.”