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BÉT to delist Hungagent shares on July 18

Shares of tool company Hungagent Rt will be delisted from the Budapest Stock Exchange (BÉT) on July 18, the bourse announced on Friday.

In a public buyout offer ended June 16, Deutsche Balaton AG acquired 94.4% of Hungagent's shares, enough to entitle it to purchase all the remaining shares under stock exchange rules. Deutsche Balaton offered Ft 1,495 per share in the squeeze-out, the same price as in the public purchase offer. The shares have a nominal value of Ft 700.
Hungagent shares were introduced in the BSE's 'B' category in 1991. Just 5,150 of the shares have been traded in the past year, at prices between Ft 700 and Ft 1,495.