OREANDA-NEWS. June 22, 2010. VTB Bank (Kyiv) is considering whether to go to the London Stock Exchange to delist Avangard (LSE: AVGR LN) shares over practices it is using to evade loan payments, Interfax said yesterday, citing a bank press release. VTB said that since October 2009 it filed a series of lawsuits in Ukraine to force entities related to Avangard to pay over USD 27 mln in overdue loans.

Concorde Capital doubts VTB will go so far as to call for a delisting of Avangard’s shares from LSE, at this point. In the meantime, this might cast doubt on the egg-maker’s corporate governance standards, having an adverse impact on the investment credibility of the company.