As the trading platform notes, the decision is related to the claim of the Russian Ministry of Industry and Trade against the company.
“In accordance with the rules... suspend trading in securities from 04/05/2024... global depositary receipts representing ordinary shares of X5 Retail Group NV,” the statement said.
Earlier, the Ministry of Industry and Trade of Russia notified X5 Retail Group NV of an application to the arbitration court of the Moscow region to suspend the company’s corporate rights in relation to its Russian subsidiary LLC Corporate Center X 5.