December 14 (SeeNews) - Bulgaria's Financial Supervision Commission said that it has approved local Belovo Paper Mill's [BUL:58B] request to be delisted from the regulator's register of public companies.
The delisted issue consists of 5,747,741 shares with a nominal value of 1 lev each, the regulator said in a statement on Thursday.
Last month, Belovo Paper Mill's shareholders approved the management's plan to delist the company from the Bulgarian Stock Exchange.
In October, Luxembourg-based Pabolux acquired 31,571 shares in a buyout bid adding 0.55% to its 92.39% direct and indirect control of Belovo Paper Mill.
Belovo Paper Mill shares last traded on the Bulgarian Stock Exchange at a price of 2 levs apiece, which translates to a market capitalisation of 11.5 million levs ($6.7 million/5.9 million euro).
(1 euro = 1.95583 levs)