SOFIA (Bulgaria), September 13 (SeeNews) – Bulgarian sock manufacturer Fazan [BUL:4F5] said on Wednesday it will seek the approval of its shareholders to delist from the stock exchange in Sofia.
The extraordinary shareholder meeting is scheduled for November 3, Fazan said in a statement.
Fazan’s parent company, industrial group Stara Planina Hold [BUL:5SR], said on Monday it has acquired 7,940 Fazan shares, equivalent to a 0.64% stake, in a buyout bid.
Stara Planina Hold held a 91.75% stake in Fazan as at August 8, when the buyout bid was published.