Struggling Talvivaara to Delist from London Stock Exchange

Reuters reported that in order to cut costs, Finland’s Talvivaara Mining Company plc (LSE:TALV) plans to delist from the London Stock Exchange. After that happens it will only be listed in Helsinki.

As quoted in the market news:

Hurt by falling nickel prices and repeated production disruptions, Talvivaara last year had to suspend its mining operations and started a court-led debt restructuring process to avoid bankruptcy.

‘In the future we will need to execute certain capital market transactions to secure our way forward, and that is when the dual listing could cause a lot of costs,’ Chief Financial Officer Saila Miettinen-Lahde told Reuters.

She said London shareholders would be largely unaffected by the delisting but noted that some index investors might drop out.

Click here to read the full Reuters report.