Dutch majority investor to withdraw Nomi from the Warsaw Stock Exchange

Netherlands-based Eijsvogel the major shareholder of Kielce-based owner of "Zrob to Sam" shopping malls, Nomi, intends to delist the company from the Warsaw Stock Exchange (WSE). "The whole procedure which is conditioned by the acquisition of necessary agreements should finish in the first quarter of 2001," said a Nomi representative. The Dutch assured the delisting of Nomi will have no negative consequences for the company. Nomi is the only company of this type listed on the WSE. Therefore it is obliged to disclose more of its commercial and financial data than its market rivals OBI or Praktiker. "I think that the company is not so important for the WSE and the Securities and Stock Exchange Commission (KPWiG) will not oppose its being delisted from the bourse," said one analyst. In 1999 Nomi recorded zl. 31.8 million in losses on revenues of zl. 258.1 million. (Parkiet, page 3)