Danubius shares to be delisted
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.
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.