EVN to Delist Bulgaria Units

Businessn.a. ♦ Published: March 7, 2012; 15:11 ♦ (Vindobona)

Austria's EVN AG plans to delist its two units in Bulgaria just two months after the trade with their shares started on the local stock exchange.

EVN to Delist Bulgaria Units / Picture: © Vindobona.org

"After all legal requirements have been met, EVN plans to request the delisting of the two units from the Bulgarian stock exchange," the Austrian energy group said in the notice. The launch of the takeover bids has been scheduled for June.

At the moment EVN AG holds a 99.91% stake in EVN Bulgaria Electrorazpredelenie and a 99.92% stake in EVN Bulgaria Electrosnabdiavane. Bulgaria…