December 12 deadline for Aldeasa trading

John Gallagher

2-Dec-2005

The Spanish retailer will be de-listed from the Spanish stock exchange in less than two weeks' time

Spanish stock market regulator CNMV has advised that the final day of trading for Aldeasa shares will be December 12. The Aldeasa board applied for exclusion from the 4 Spanish stock exchanges in July.

Retail Airport Finance (RAF), a joint venture between Autogrill and Altadis, took control of the Spanish travel retailer in April this year after launching a €36.57 per share bid which led to the withdrawal of bid rivals Dufry and the GEA consortium. RAF controls 99.3% of the share capital and has issued an open offer to purchase all shares that it does not control.

The Spanish government privatised Aldeasa in 1997 and the company's shares were first quoted on October 1 1997.
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(14-Oct-2005) - The Spanish stock exchange regulator announces that the de-listing of Aldeasa shares has begun
(12-Jul-2005) - Trading on Aldeasa shares has resumed following a temporary suspension, as the retailer confirms it is to seek de-listing from the Spanish stock exchange
(19-Jan-2005) - As the GEA consortium's bid for the Spanish retailer is given the go-ahead by the Spanish stock exchange, Dufry Group owner Advent is mulling a bid of its own
(14-Apr-2005) - Aldeasa shareholders have until midnight tonight to accept the Italian company's €36.57 ($47.49) per-share bid for the Spanish retailer
(21-Mar-2005) - The Italian company had already placed the highest bid, but trumped its own offer yesterday while Dufry held fire