Sydney — Russia's Rusal announced Tuesday that the company's ordinary shares have been admitted to the Moscow Exchange and that trading is expected to start March 30.
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Rusal said the direct listing would broaden its investor base locally and internationally.
Oleg Mukhamedshin, Rusal's director for strategy, business development and financial markets, said "listing on the MOEX will link the stock markets of Hong Kong and Moscow -- the infrastructure to allow free movement of shares between the two markets."
The direct listing on the MOEX will also benefit investors who are unable to trade Russian depositary receipts, Mukhamedshin said.
Rusal's ordinary shares are listed on the Hong Kong Stock Exchange.
The global depositary shares and Russian depository receipts representing Rusal's ordinary shares trade on NYSE Euronext in Paris and on Russia's MICEX, respectively.