Phosagro says GDR conversion facility re-opened
MOSCOW, Aug 3 (Reuters) - Russian fertiliser producer Phosagro said on Monday that its agent Citigroup (Swiss: C.SW - news) Global Markets Deutschland had reopened a facility that allows conversions between Phosagro's global depositary receipts (GDRs) and ordinary shares.
Phosagro said in June that the facility had been suspended in a move related to the seizure of 170,500 shares that were stolen from Phosagro's former top manager Maxim Volkov in 2014.
(Reporting by Andrei Kuzmin, writing by Jason Bush)