AB Electrolux B-share has been delisted from the Official List of the UK Listing Authority, UKLA, and the London Stock Exchange, LSE, effective today, after decision from the Financial Services Authority, FSA.
As a result, all trading in Electrolux shares is concentrated in the Nasdaq OMX Nordic Market in Stockholm.
The Electrolux B-share has been LSE-listed since 1928. The LSE listing was part of the appliance makers' strategy to increase international ownership. However, the listing is no longer deemed necessary due to deregulation of international capital markets and the increased foreign ownership of shares on Nasdaq OMX Stockholm. Trading of Electrolux shares on the LSE has been limited in recent years.
to Daily News