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Russian ADR Watch: Mosenergo Drops as Owner Criticizes CEO
By Garfield Reynolds


Moscow, Aug. 3 (Bloomberg) -- AO Mosenergo American depositary receipts tumbled after the Moscow utility`s parent holding, RAO Unified Energy Systems, said a shareholders` meeting that could replace the chief executive should go ahead. Mosenergo CEO Alexander Remezov had halted preparations for the meeting.

Wireless operators OAO Mobile TeleSystems and AO Vimpelcom advanced, tracking gains in the technology-heavy U.S. Nasdaq Composite Index.

Stock symbols are in parentheses after the name and prices are from yesterday`s close.

OAO Chernogorneft depositary receipts (CHRA GR) fell 20 cents, or 3.9 percent, to 5.00 euros ($4.40) in Germany. OAO Tyumen Oil Co. bought control of OAO Sidanco, Chernogorneft`s parent company, under an agreement that will restore Chernogorneft`s oil-producing assets to Chernogorneft. Each depositary receipt represents one common share. Chernogorneft`s ADRs (CHRHY US), which also represent one share, fell 11.5 cents, or 2.6 percent, to $4.25. The stock fell 75 cents, or 13 percent, to $5.00 in Moscow on June 27, when it last traded.
 
aus der Diskussion: Chernogorneft -neueste Nachrichten- !!!!!
Autor (Datum des Eintrages): Bayern3  (03.08.01 08:50:46)
Beitrag: 2 von 9 (ID:4118500)
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