Dairy company Central Danone to leave Casablanca stock exchange

Central Danone saw revenue drop 4% in the first nine months

  
Bottles of Evian water, part of Danone group, are pictured in the new bottling plant during the official opening ceremony in Publier near Evian-les-Bains, France September 12, 2017.

Bottles of Evian water, part of Danone group, are pictured in the new bottling plant during the official opening ceremony in Publier near Evian-les-Bains, France September 12, 2017.

REUTERS/Denis Balibouse

Rabat- Moroccan dairy company Centrale Danone, part of French group Danone, said on Monday it plans to delist from the Casablanca stock exchange due to low stock liquidity.

Bourse regulator has asked the Casablanca stock exchange to suspend Central Danone shares and said it would look into its stock sale request within 15 days.

Central Danone saw revenue drop 4% in the first nine months compared to the same period last year, citing the impact of the pandemic.

The company’s profits were hit in 2018 following a consumer boycott effort over what campaigners said were unfair prices.

(Reporting by Ahmed Eljechtimi Editing by Bernadette Baum) ((ahmed.eljechtimi@thomsonreuters.com;))


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