Arcam applies for de-listing as GE initiates compulsory redemption
January 12, 2018
Arcam’s Q20plus is specifically designed for cost-efficient production of aerospace components, such as turbine blades, structural airframe components, etc
Following the recent news that GE Sweden Holdings AB was increasing its shareholding in Arcam AB, the company has reported it now holds approximately 95% of the shares and votes in Arcam. It was stated that GE has informed Arcam’s board of directors that GE has resolved to call for a compulsory redemption of the remaining shares in Arcam.
In light of this, Arcam’s board of directors has reportedly made the assessment that circumstances for a well functional and satisfactory trading in the company’s shares no longer exist. Accordingly, the board of directors of Arcam has applied for de-listing of the company’s shares from Nasdaq Stockholm. Nasdaq Stockholm has approved the application and resolved that the last day of trading in the Arcam share will be Friday, January 26, 2018.
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