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Russia's Acron postpones London float

Date: Tuesday 29 Jul 2008

LONDON (ShareCast) - Russian fertiliser company Acron has postponed plans to list its Global Depositary Receipts on the London Stock Exchange due to difficult market conditions.

The group had set an offering price range of $12 to $15 per GDR and $120 to $150 per share.

Earlier this month Acron said it intends to place 10% of its shares in the form of GDRs.

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