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Zagreb bourse to delist Koestlin

Dec 8, 2023, 5:02:11 PMArticle by Annie Tsoneva
share
December 8 (SeeNews) - The Zagreb Stock Exchange said on Friday it will delist the shares of wafers and biscuits maker Koestlin [ZSE:KOES] as of Monday, after the company was fully acquired by Bosnian wholesaler Mepas.

Zagreb bourse to delist Koestlin
Croatia's Koestlin. Photo by Koestlin.

The central securities depository and clearing agency, SKDD, will register a squeeze out of the minority shareholder in Koestlin on Friday, the bourse said in a filing.

Koestlin’s shareholders approved the squeeze out proposal by Mepas on October 13.

Koestlin shares last traded on the Zagreb bourse on September 12, closing flat at 80 euro ($86).

($ = 0.931 euro)

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