MOSCOW, December 30 (RIA Novosti) - A holding company for Russia's top heavy machinery manufacturer Concern Tractor Plants group of companies has successfully completed a listing procedure on the Frankfurt stock exchange, the group said in a press release.
Concern Tractor Plants N.V. placed shares in the form of Global Depositary Receipts issued by Deutsche Bank, the company statement said.
Concern Tractor Plants is an international producer of diversified light and heavy machinery, with most of its factories located in Russia.
The placement of shares on the Frankfurt stock exchange is important for the stable development of the group's business and is aimed at acquiring a new status, increasing attractiveness for financial institutions, expanding a range of creditors and improving relations with clients and counterparties, the statement said.
http://en.rian.ru/business/20081230/119226290.html
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