Suspension of Aldeasa share trading lifted

John Gallagher

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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

Shares in Spanish travel retailer Aldeasa were temporarily suspended yesterday evening following the announcement by the Aldeasa board of directors that it was to seek de-listing from the Madrid stock exchange. The suspension was lifted at 10am this morning.

Aldeasa confirmed that it would maintain a permanent purchase order for its shares at a price of €36.57, the price that Retail Airport Finance (RAF) paid in its successful bid for control of the company. RAF, controlled jointly by Autogrill and Altadis, now owns 95.89% of the share capital.

The Aldeasa board has called an extraordinary shareholders meeting on July 29 to approve the proposal. It will also seek shareholders' approval to increase the number of main board directors from eight to 10.