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. Last Updated: 07/27/2016

Lenenergo Mulls ADRs




ST. PETERSBURG -- Russian regional power utility Lenenergo said Monday it may launch a level one American Depositary Receipt program, essentially upgrading a depositary program already in effect.


Six percent of the company's stock is covered by a non-sponsored depositary receipt program with the Bank of New York, and those receipts could be converted to level one ADRs upon U.S. Securities and Exchange Commission approval.