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Talvivaara plans to delist from London bourse

Wed, 14th May 2014 06:10

HELSINKI, May 14 (Reuters) - Troubled Finnish nickel minerTalvivaara plans to delist its shares fromthe London Stock Exchange, leaving its only listing in Helsinki,in a bid to cut costs.

The firm said the London delisting, if approved at itsshareholder meeting next month, would take effect around July14.

Hurt by falling nickel prices and repeated productiondisruptions, Talvivaara last year had to suspend its miningoperations and started a court-led reorganisation process toavoid bankruptcy. (Reporting by Jussi Rosendahl; Editing by Mark Potter)

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