VTB could seek to delist Avangard shares

VTB Bank (Kyiv) is considering whether to go to the London Stock Exchange to delist Avangard (LSE: AVGR LN) shares over practices it is using to evade loan payments, Interfax said yesterday, citing a bank press release. VTB said that since October 2009 it filed a series of lawsuits in Ukraine to force entities related to Avangard to pay over USD 27 mln in overdue loans. Ruslan Patlavskyy: We doubt VTB will go so far as to call for a delisting of Avangard’s shares from LSE, at this point. In the meantime, this might cast doubt on the egg-maker’s corporate governance standards, having an adverse impact on the investment credibility of the company.