Swedish wireless giant Ericsson has applied for the delisting of its shares on the London Stock Exchange (LSE). The Ericsson series B shares have been listed on the LSE since 1960. The reason given for this surprise move is that in recent years, trading in these shares has corresponded to less than 1 per cent of the total trades carried out, making the cost of maintaining the listing unjustifiable. Following the delisting, all trading in the Ericsson series B shares will be concentrated to OMX Nordic Exchange Stockholm and Nasdaq. The Ericsson shares have previously been delisted from the stock exchanges in Paris and Zürich as well as three German exchanges.
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