Swedish software company Fortnox AB will be delisted from the Nasdaq Stockholm exchange on July 24, the company said Thursday.
The delisting follows a request from its new majority owner, a consortium led by private equity firm EQT, which now controls approximately 97.3% of Fortnox's shares after a public offer.
The new owner, Omega II AB, has initiated a compulsory redemption process for the remaining shares in the company, according to a filing.
The move ends a relatively brief run on the main market for Fortnox, which listed on the exchange in April 2022.
Fortnox's board applied for the delisting on July 9, the same day a new board was installed at an extraordinary general meeting, and has also cancelled its upcoming second-quarter report.
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