French telecom operator Orange plans to voluntarily delist its shares from the New York Stock Exchange, citing the financial and administrative burdens of maintaining the listing. The decision, made by the board, aims to simplify administrative processes rather than achieve significant cost reductions. Orange will file for delisting with the SEC in the fourth quarter, with the exit expected to have no impact on its U.S. clients or market presence. Additionally, the company will deregister two sets of debt securities previously issued on the NYSE.
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