Bloomberg News

Etalon Group Board Approves GDR Buyback Proposal, Company Says

October 28, 2011

Oct. 28 (Bloomberg) -- The board of directors of Etalon Group, a Russian housing developer, approved on Oct. 28 a proposed buyback of global depositary receipts equivalent to as much as 9.25 percent of the company’s ordinary shares, Etalon said in a regulatory filing today.

Link to Statement:{NSN LTRI1E3HBS3L <GO>}

To contact the editor responsible for this story: Alex Nicholson at anicholson6@bloomberg.net


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