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Démász shares to be delisted from bourse this week

Shares of South Hungarian power distributor Démász Nyrt will be delisted from the Budapest Stock Exchange (BÉT) on Thursday, November 30, with the final session of BÉT trade on the company's shares to be Wednesday, November 29, according to information posted on the exchange website.

Electricite de France Internationale (EDFI) raised its stake in Démász from 60.91% to 95.06% in a public-purchase offer that ended on November 13. EDFI offered Ft 20,000 (€77.38) per share for the Démász stock, calculating to a total purchase price of Ft 25.3 billion. EDFI announced on November 28 that it would exercise purchase rights over those shares of electricity company Démász which it did not acquire during the public offer. Démász stock has been traded on the BÉT since 1998 as an A-category share. (Mti-Eco)