Apranga Owner May Delist Shares in Vilnius, Verslo Zinios Says

Apranga AB (APG1L), the biggest Baltic clothing retailer, may be delisted from Lithuania‘s Nasdaq OMX Vilnius stock exchange, Verslo Zinios newspaper reported, citing majority owner Darius Mockus.

Mockus, through other companies he owns, controls more than 60 percent of shares in Vilnius-based Apranga, the newspaper said. Since Aug. 29, he has bought Apranga shares through another company for about 350,000 euros ($451,000) in 10 trades, including the purchase of a stake from Swedish asset manager East Capital for 200,000 euros, Verslo Zinios reported.

Mockus is dissatisfied by listing restrictions on his status as an investor and is considering ending public trading in Vilnius, Verslo Zinios said.

To contact the reporter on this story: Bryan Bradley in Vilnius through the Prague bureau at jagomez@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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