France’s Orange to exit New York Stock Exchange By Reuters

(Reuters) – French telecoms operator Orange announced on Wednesday its intention to delist its shares from the New York Stock Exchange (NYSE), citing the financial cost of a secondary listing.

“The decision to voluntarily delist from the NYSE and delist from the SEC was made after careful consideration by the board of directors, taking into account the significant financial and administrative requirements of maintaining an NYSE listing and SEC registration” , the group said in a statement. Press release.

This decision is aimed at simplifying internal operations and improving efficiency, he added.

The delisting from the NYSE is not expected to have any impact on Orange’s US customers or partners or its presence in the US market, the French group said.

Orange said it will also delist two sets of debt securities previously issued on the NYSE.