Sintal among three Ukrainian survivors of Frankfurt

Sintal Agriculture has relisted its GRD on the Vienna Stock Exchange, the company reported on Dec. 17, suggesting to seek its profile under the ticker, SNPS AV.  The reason for the relisting was the closure of the First Quotation Board (FQB) on the Frankfurt Stock Exchange, where the company’s DRs were initially listed.

Alexander Paraschiy: Listings concluded on Dec. 14 for those companies that did not switch from the First Quotation Board onto the FSE in time. Sintal is the last of three Ukrainian companies which maintained their listings beyond the First Quotation Board closure (after TMM Real estate (TR61 GF) and Mriya Argo (MAYA GF)), while dozen of DRs of other Ukrainian companies listed in Frankfurt, including MCB Agricole (4GW1 GR), will disappear from investors’ radars. The news looks encouraging for Sintal as it demonstrates that its main shareholders and management are going to keep in touch with investors, despite the company’s operating and financial troubles caused by the disastrous 2012 harvest.