Zalakeramia and Brau Union may leave stock exchange
Thursday, July 7, 2005, 16:38
Hungarian tilemaker Zalakerámia Rt majority owned by Austria's Lasselsberger Holding International GmbH, and Heineken NV's Brau Union Rt may leave the Budapest Stock Exchange after their majority shareholders buy theremaining shares, business daily Napi Gazdaság reported. Brau may delist within days following a shareholder deadline July 1 that allowed them to offer shares at Ft 17,200 Napi Gazdaság said. Zalakerámia shares may be pulled from the bourse in a few weeks if Lasselsberger succeeds in increasing its stake to more than 90 % during a voluntary buyout offer at Ft 2,350 a share, the newspaper reported. Brau shares rose to Ft 14,995 (14%) July 1, while Zalakerámia shares increased to Ft 2,340 (0.4%).