VELP, Netherlands (July 11)—Dutch tire and rubber product maker Vredestein N.V. said it will delist its shares from the Euronext Amsterdam N.V. stock exchange and become a privately held company. The Dutch firm said it will be more effective as a private company. Vredestein Investment Consortium N.V., a holding company that owns 61.2 percent of Vredestein shares, will seek to buy the remaining stock. "Vredestein shares are seldom traded, which prevents shareholders from increasing or decreasing their interest without exerting a large influence on the share price," the company said. Vico has been involved in Vredestein since 1991, and intends to continue the tire maker's current strategy. No changes in employment nor the composition of Vredestein's board will result from the delisting, the firms said.
Vredestein to become private company
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