Sovcomflot drums up extra $20m interest in stock with London FTSE move

Sovcomflot (SCF Group) is improving its visibility on capital markets with a move on a prestigious share index.

The Russian shipowner's stock is joining the Financial Times Stock Exchange (FTSE) index in London.

Index provider FTSE Russell said the state-owned company, which raised $480m from an initial public offering in Moscow in October, will have the shares included on the mid-cap section of the FTSE Global Equity Index.