Fazer Konfektyr Service, the Swedish confectionery unit of Fazer Group, has announced that it will delist its shares from the Stockholm stock exchange.
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The move follows the demerger of Cloetta Fazer, when Fazer Konfektyr become a subsidiary of Finnish food maker Fazer Group, and the unconditional tender offer by Oy Karl Fazer Ab of Fazer Konfektyr Service shares on 5 December.
“The board reached this decision because the company has only a small number of shareholders and trading in shares is very limited,” a spokesperson for the company told just-food.
A formal application to de-list will be submitted and the last day of trading of Fazer Konfektyr Service’s class B shares will be announced at a later date.
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