In line with efforts to attract more investment and increase transparency, RAO UES (Unified Energy Systems) announced Monday the successful listing of its Level 1 ADR (American Depositary Receipts) program on the Vienna-based New Europe Exchange, or NEWEX. Trading will start Dec. 1. The company also plans to list American Depositary Receipts on other major stock exchanges like London and New York, said Alexander Kolesnikov, a RAO UES board member. RAO UES already was available on NEWEX's unregulated market through its Global Depositary Receipt program, the St. Petersburg Times reported.
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