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Orco Property Group to delist shares from Budapest bourse

Orco Property on Wednesday said it applied to delist its shares from the Budapest Stock Exchange.

Orco Property applied to delist the shares because of low trading volumes and in order to reduce costs related to the listing and to reporting, the company said.

The shares are expected to be delisted on December 1, 2011.

Orco shares will remain listed on the NYSE Euronext Paris, the Prague Stock Exchange and the Warsaw Stock Exchange.