Shareholders of Bulgaria's Fazan approve delisting from Sofia bourse

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.