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