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Croatian Telecom Withdraws from London Stock Exchange

Croatia11One of the leading provider of telecommunications services in Croatia, T-Hrvatski Telekom (T-HT), is set to become the second company from Croatia this month to announce that its cancellation on the London Stock Exchange…

T-HT shares have traded on the Zagreb Stock Exchange, with global depositary receipts trading on the London Stock Exchange since October 2007, but will be cancelled effective 6 October due to a lack of interest, the company announced. Deutsche Telekom AG owns 51% of T-HT’s shares, with the War Veterans’ Fund and the Pensioners’ Fund holding 7% and 3.5% respectively. The remaining free float is in the hands of private and institutional investors.

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