Global City Holdings to withdraw from WSE

The board of directors of the Dutch operator of multiplex cinemas, Global City Holdings, recommended a withdrawal of its shares from the Warsaw Stock Exchange, ISBnews reported. "The board is convinced that the withdrawal ... will be in the company’s best interest," the firm said in a press release. Operating as a nonpublic company would let Global City Holdings to focus on implementing real estate projects (Park of Poland among others), the firm informed. Global City Holdings (Cinema City International previously) is the largest operator of multiplex cinemas in CEE and Israel. It has been listed on the WSE since 2006.