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Nord Gold Shelves £441M London Listing

Nord Gold has dropped its plans for £441 million London listing.

    Nord Gold已经放弃了计划为£4.41亿年伦敦名单ing,Financial Timesreports. The gold mining unit of Russian steel group,Severstal,wasseeking a market capitalization of £2.5-3.3 billion from the offering.

    Nord Gold was targeting a full listing on theLondon Stock Exchange. The miner was planning to use the proceeds to pay debt to Severstal.

    Click here for the story fromFinancial Times.

    Click here for additional coverage fromReuters.

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