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22.06 12:05:36

Pelikan delists from Swiss stock exchange - Switzerland

Pelikan Holding AG's shareholders yesterday approved the proposal of the Board to delist from the Swiss stock exchange.

 

Over the past four years, Pelikan has suffered operating losses and recently reported that its sales fell by 17.3% to 225.6 million CHF (187.7 million euros) in 2011 following the economic downturn in southern Europe as well as weaker sales in Germany - its main market.


The company is majority controlled by Pelikan International, based in Malaysia.

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