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Globus EGM approves delisting of shares

An extraordinary general meeting of canning company Globus Rt on Wednesday approved a motion to delist the company's shares from the Budapest Stock Exchange (BÉT).

The meeting also decided on changes to the company's articles of incorporation and personnel appointments. The meeting was the first since French agri-food group Central Cooperative Agricoloe Bretonne (CECAB) acquired a 51.1% stake in Globus in a public purchase offer ended May 15. At the same time as CECAB made the buyout offer, it sealed agreements with each of Globus's biggest shareholders to purchase their shares, sometimes with a premium, at latter dates extending until 2011.