ADVERTISEMENT

INA cancels GDR listing in London

Deals

Croatian oil and gas company INA -- a unit of Hungarian peer MOL -- yesterday announced the cancellation of its global depository receipts (GDR) on the London Stock Exchange. 

Early in August, the company's management decided to cancel the listing because the number of outstanding GDRs had substantially decreased, from 450,000 to 181, Croatian news agency HINA said.

The company said at the time that trading in GDRs had practically stopped and that no transactions had been made in the last twelve months, the agency said.

INA GDRs were listed on the London Stock Exchange in 2006. INA shares trade on the Zagreb Stock Exchange. MOL owns just under half of INA's shares.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.