(Reuters) – French telecommunications driver Orange launched on Wednesday its objective to delist its shares from the New York Stock Exchange (NYSE), mentioning the financial expense of the extra itemizing.
“The decision to voluntarily delist from the NYSE and to deregister from the SEC was made after careful consideration by the board of directors, taking into account the significant financial and administrative requirements of maintaining the NYSE listing and SEC registration,” the staff said in a information launch.
This alternative focuses on streamlining inside procedures and increase effectiveness, it included.
The delisting from NYSE is anticipated to haven’t any impact on Orange’s united state prospects or companions or its visibility within the united state market, the French staff said.
Orange said it might definitely moreover proceed to the deregistration of two collections of monetary debt safeties, previously launched on the NYSE.
(Reporting by Alban Kacher; enhancing and enhancing by Jason Neely)
