Sock maker plans to delist from Sofia bourse


Bulgarian sock manufacturer Fazan will seek the approval of its shareholders to delist from the stock exchange in Sofia.

An extraordinary shareholder meeting is scheduled for 3 November.

Fazan’s parent company, industrial group Stara Planina Hold, has acquired a further 7,940 Fazan shares, equivalent to a 0.64% stake, in a buyout bid, and held a 91.75% stake in the sock maker at 8 August, when the buyout bid was published.

For the full story, see the October 2017 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE