Schlumberger to delist stock from Euronext Paris
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Contributor since / Followers
Contributor since / Followers
4 months ago
HJBC
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Schlumberger (NYSE:SLB) will proceed with a voluntary delisting of its shares from Euronext Paris due to lower trading volume.
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Other reasons include increasing costs, administrative requirements and managerial time required to maintain a dual listing.
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SLB became a public company in 1962 with its original listing on the NYSE, which has been its primary exchange. SLB will maintain its single listing on NYSE under the symbol “SLB”.
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Holders of SLB (SLB) Euronext shares will be able to trade on Euronext Paris until August 16, 2024 (the last trading date before the delisting).
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Shares of Schlumberger (SLB) traded marginally lower, down 0.10% to $47.98 on Wednesday during after hours of trade.