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Furniture retailer Domus Rt announced yesterday that it had filed a request to delist its shares from the Budapest Stock Exchange (BÉT).
At the same time, retailer and holding company Fotex Rt, Domus' majority owner, has made a Ft 2,250 per share offer for the 1.36% Domus stocks it does not already own.
During the past few months, Fotex has increased its holding in Domus from 56% to over 98% in a series buyout offers. The delisting is due to be sanctioned by Domus at its annual general meeting on April 26.