Reuters 10 November 2012
Russia’s No.2 mobile phone company, MegaFon MGFON.UL, is likely to go ahead with its planned stock market float in London this year after receiving an unofficial green light from the UK regulator, sources familiar with the matter said.
MegaFon had aimed to raise around $2 billion from its initial public offering this year, but several sources have said it would have to delay the share sale until 2013 if it did not get the nod from the UK Listing Authority (UKLA) in time.
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