Wabererʼs given more time for Budapest IPO
Hungarian trucking firm Wabererʼs, which cancelled plans for an initial public offering in November, will be allowed to delay its IPO as late as June 30, the Budapest Stock Exchange announced Wednesday.
Wabererʼs board decided on November to cancel their IPO in light of current market conditions. On December 17, shareholders suspended an extraordinary general meeting called to propose the cancellation of the IPO. The meeting is to reconvene on January 15.
Wabererʼs listed 14,654,028 securities with a face value of €0.35 or shares to a total nominal value of €5,128,910 on October 6.
The company has a fleet of more than 3,400 trucks and employs 5,000 people. It has units in France, the UK, Germany, Italy, Poland, Romania and Slovakia.
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