Megafon gets nod for UK float

Russia’s second biggest mobile phone company, MegaFon, 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 has cleared and resolved any material issues with the UK Listing Authority, a source familiar with the situation said. Official approval is expected when an IPO prospectus has been completed, the source said.