Wabererʼs postpones decision on IPO

In Hungary

Shareholders of road haulage company Wabererʼs decided to postpone a decision on an initial public offering (IPO) of its shares at a general meeting on Friday, the company said yesterday.

Wabererʼs listed its shares on the Budapest Stock Exchange last October, but, in November, its board proposed cancelling the IPO in light of current market conditions.

At the EGM on Friday, Wabererʼs shareholders made the decision to hold off on the IPO in light of the boardʼs withdrawal of a proposal to transform the company back to a private company limited by shares (Zrt.) from a public company limited by shares (Nyrt.).

The Budapest Stock Exchange said late in December that it would extend the deadline for Wabererʼs shares to start trading on the bourse to June 30, 2016, at the issuerʼs request.

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