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Danubius shares to be delisted

Analysis

The shares of Danubius Hotel and Spa will be delisted from the Budapest Stock Exchange from September 25, the bourse said on Friday. The delisting follows the successful public purchase offer of Danubiusʼ shares by CP Holdings, Interag Holding, Lady Lilly Schreier and the Israel Tractors and Equipment Company in the summer. 

The stakeholders raised their combined holdings in the company to 98.2% as a result. The shareholders exercised a squeeze-out option after the offer was closed, triggering the delisting. The last day of trade in Danubius shares will be September 22.

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