Barings Emerging EMEA Opportunities PLC - Leeds, England-based investor backing equity securities listed or traded in Eastern Europe, the Middle East and Africa - Sells holding in Russian food retailer X5 Group in global depository receipts. Says trade settled on Tuesday for total proceeds of USD1.6 million, approximately 1.7% of Barings Emerging based on its most recent net asset value. Company reiterates that it "remains focused on how best shareholder value can be preserved, created and realised in relation to the holdings of Russian assets."
Current stock price: 495.92 pence, up 0.8% on Wednesday afternoon
12-month change: down 6.6%
By Emma Curzon, Alliance News reporter
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