Wholesaler Metro AG has announced it is to delist from the Luxembourg Stock Exchange, as a result of the low volume of shares being traded on the exchange since their listing in July 2017.
Announcing its decision, Metro said that it believes ‘maintaining an admission to trading on the Luxembourg Stock Exchange offers no benefits to the shareholders and investors’.
Removed From Trading
It will remove the shares from trading on the regulated market of the Luxembourg Stock Exchange with effect from 1 March.
The group added that concentrating trading admissions to the Frankfurt Stock Exchange, on which it also trades shares, will allow it to focus on one regulatory regime.
Shareholders of Metro AG will not incur any costs or considerable disadvantages by the Lux-Delisting, the group said.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
