Businessman George Copos, who controls Ana Hotels, the majority shareholder of Athenee Palace, has been summoned by the Board of Directors to vote on delisting the company whose shares have been trading on the Bucharest Stock Exchange since 1997.
Athenee Palace shareholders, namely, Ana Hotels with a 45% stake, Ana Holding Limited with a 19% stake, as well as other investors with a total stake of 35%, are summoned to also approve the price of a share to be paid in case of withdrawals from the company.
Athenee Palace Bucuresti is listed on the alternative trading system AeRO of the Bucharest Stock Exchange, with a very low liquidity, of just RON4,000 in 2020.