Croatia's Termes Grupa shareholders approve plans to delist

The approval was given at a December 23 shareholders meeting, Termes Grupa said in a ZSE filing earlier this week.

It did not provide the reasons for the planned delisting.

Local food group Zito holds a 85.25% stake in Termes Grupa, and the company itself owns 4.35%, ZSE data showed on December 27. The remainder belongs to smaller shareholders.

The company's shares last traded on the ZSE on December 19, closing down 19.35% at 30 kuna ($4.5/4.0 euro).

Termes has a total of 715,090 listed shares of 100 kuna in par value each.

(1 euro = 7.44694 kuna)