November 28 (SeeNews) - Bulgarian insulation materials producer Hydroizomat [BUL:4HI] said on Wednesday that its shareholders have approved a proposal to delist the company from the Bulgarian Stock Exchange and the financial regulator's register of public companies.
All Hydroizomat shareholders present at the meeting voted in favour of the proposal, the company said in a bourse filing.
Last month, Bulgarian diversified group Industrial Holding Doverie acquired 79,966 shares in Hydroizomat, equal to a 2.67% stake, via a buyout bid priced at 1.43 levs ($0.84/0.73 euro) per share. The offer targeted 279,870 Hydroizomat shares, which Industrial Holding Doverie did not own at the time.
Before the buyout offer, Industrial Holding Doverie held a 90.64% stake in Hydroizomat.
Industrial Holding Doverie is a unit of diversified group Doverie United Holding [BUL:5DOV].
(1 euro = 1.95583 levs)