Supermarket chain operator Seiyu Ltd. said Monday it has decided to delist its shares from stock exchanges in Frankfurt and Duesseldorf and the pan-European Euronext due to low trading volumes there.
Seiyu, rehabilitating under the wing of Wal-Mart Stores Inc. of the United States, said it plans to remove its shares from the three European bourses in October.
Seiyu stock went public on the two German stock exchanges in 1978 and in 1991 on the Paris Stock Exchange, one of the three European bourses integrated into Euronext, according to a Seiyu official.
After the planned delisting, Seiyu stock will only be listed on the Tokyo Stock Exchange.