SOFIA (Bulgaria), September 24 (SeeNews) – Bulgarian flour milling and grain storage company Djerman-Sofia [BUL: 4DZ] said on Tuesday its shareholders voted to make the company private and delist it from the stock exchange. The decision for the withdrawal of the company from the stock market was voted at a general shareholders’ meeting on September 20, the company said in a notice filed with the stock exchange. By delisting, Djerman-Sofia expects to improve its operational flexibility. Being public did not facilitate its financing, the company’s management said earlier this year. Djerman-Sofia is equally owned by shareholders Tanyo Tanev and Lyubomir Mirchev. The two businessmen managed to reach the 95% threshold for voting the company's withdrawal from the stock market after raising their stakes through a tender offer, preceded by a capital hike.
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