January 13 (SeeNews) - Croatian alcoholic beverages producer Badel 1862 [ZSE:BD62] said on Monday its shareholders have approved a plan to delist the company's shares from the Zagreb Stock Exchange (ZSE).
The approval was granted at a January 13 general shareholders' meeting, the company said in a statement without giving reasons for the planned move.
Badel 1862's capital of 254 million kuna ($38 million/34 million euro) is divided into 25.4 million shares with no nominal value, bourse data showed.
Zagreb-based Meteor Grupa-Labud controls 84.29% of Badel 1862, while the Croatian government has an 11.72% stake. The remainder belongs to small shareholders, according to January 13 ZSE data.
Badel 1862's shares traded 0.88% lower at 11.2 kuna by 12:00 CET on Monday.
(1 euro = 7.44552 kuna)