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Nov 06, 2017 13:04 EEST
SOFIA (Bulgaria), November 6 (SeeNews) – Bulgarian sock manufacturer Fazan [BUL:4F5] said its shareholders have approved a proposal to delist the company from the stock exchange in Sofia.
The shareholders approved the decision at an extraordinary meeting held on November 3, Fazan said in a statement on Friday.
In September, Fazan’s parent company, industrial group Stara Planina Hold [BUL:5SR], 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.
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