Wabererʼs proprietors to suspend IPO
Hungarian road haulage company Wabererʼs decided at an extraordinary general meeting yesterday to cancel an initial public offering in its shares as of January, Hungarian news agency MTI reported today.
The extraordinary general meeting is scheduled to reconvene on January 15, MTI said.
Wabererʼs announced it would enter the Budapest Stock Exchange (BSE) on October 8, however, on November 11 the company said it would postpone the IPO citing "current market conditions", and announced a few days later that it had scheduled an EGM for December 17 to decide on the matter.
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