ZAGREB (Croatia), January 23 (SeeNews) – The Zagreb Stock Exchange (ZSE) said it has decided to delist in July the shares of alcoholic beverages producer Badel 1862 [ZSE:BD62].
The last trading day for Badel 1862's shares will be July 15, and they will be delisted on the next day, ZSE said in a statement on Wednesday.
The company's shareholders approved the plan to delist its shares from ZSE on January 13.
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 23 ZSE data.
Badel 1862's shares closed flat at 11.1 kuna on Wednesday. They did not trade at opening on Thursday.
(1 euro = 7.44189 kuna)