Démász shares to be delisted from bourse this week

In Hungary

Shares of South Hungarian power distributor Démász Nyrt will be delisted from the Budapest Stock Exchange (BÉT) on Thursday, November 30, with the final session of BÉT trade on the company's shares to be Wednesday, November 29, according to information posted on the exchange website.

Electricite de France Internationale (EDFI) raised its stake in Démász from 60.91% to 95.06% in a public-purchase offer that ended on November 13. EDFI offered Ft 20,000 (€77.38) per share for the Démász stock, calculating to a total purchase price of Ft 25.3 billion. EDFI announced on November 28 that it would exercise purchase rights over those shares of electricity company Démász which it did not acquire during the public offer. Démász stock has been traded on the BÉT since 1998 as an A-category share. (Mti-Eco)

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Festivals