Pelikan Wants Off German Stock Exchange.
Pelikan International (PICB) has announced
a proposed squeeze-out that will result in 100% ownership of Pelikan AG.
By Michelle Sturman.
Malaysia-based (PICB) – the main shareholder in the stationery and office supplies business Pelikan AG in Germany – is looking to buy the remaining minority shareholders’ stake in the subsidiary.
PICB has been investigating different strategic options for Pelikan AG for some time and the completion of this squeeze-out will result in the automatic delisting of Pelikan AG from the Frankfurt Stock Exchange.
PICB said total ownership will “facilitate the ease of management and direction of Pelikan AG as a wholly-owned subsidiary of the PICB Group going forward”.
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