December 14 (SeeNews) - The Bulgarian Stock Exchange said on Friday that it has terminated the registration of the issue of shares of Belovo Paper Mill [BUL:58B] on the BaSE Alternative Market.
The company was delisted due to the Financial Supervision Commission's decision to remove Belovo Paper Mill from the public companies register, the Sofia bourse operator said in a bourse filing.
On Thursday, the FSC decided to remove the company from the register upon its own request.
Last month, Belovo Paper Mill's shareholders approved the management's plan to delist the company from the Bulgarian Stock Exchange.
In October, Luxembourg-based Pabolux acquired 31,571 shares in a buyout bid adding 0.55% to its 92.39% direct and indirect control of Belovo Paper Mill.
Belovo Paper Mill shares last traded on the Bulgarian Stock Exchange at a price of 2 levs apiece, which translates to a market capitalisation of 11.5 million levs ($6.7 million/5.9 million euro).
(1 euro = 1.95583 levs)