BRAZIL. Following the termination of Dufry AG’s Brazilian Depositary Receipt (BDR) programme on 27 November, the Brazilian Securities Commission today approved today Dufry’s deregistration as a foreign issuer.
This was the final step required for the completion of Dufry’s delisting from the Brazilian Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão).
Dufry had announced its intention to delist in August. The global travel retail giant said at the time that the move was driven by the low liquidity of its BDRs.
The company also aims to reduce costs and operational complexities and concentrate trading on the SIX Swiss Exchange.
