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Sponda moves to delist shares

Sponda Plc will lodge an application for the termination of trading and the delisting of its shares from Nasdaq Helsinki Ltd.'s official list Oct. 19 at the latest.

The move will follow Polar Bidco Sarl's acquisition of all the shares in Sponda. The entity owned by funds advised by affiliates of Blackstone Group LP holds approximately 98.80% of the company's shares as of August.