Wabererʼs proprietors to suspend IPO

Sights

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.

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

Travel