GE Aerospace to Delist From European Stock Exchanges

By Adria Calatayud

GE Aerospace said it plans to delist from the London, Paris and Zurich stock markets as part of efforts to simplify its listing venues after its launch as a standalone company.

The U.S. company, which recently separated from General Electric's power business, said Wednesday that its shares will continue to be traded on the New York Stock Exchange, its primary listing exchange.

The company applied for a delisting of its shares from the London Stock Exchange, Euronext Paris and SIX Swiss Exchange. GE Aerospace's shares will be delisted from the London and Paris markets next month, while its shares will stop trading on the SIX exchange in September, it said.

GE Aerospace said the decision was part a simplification project across multiple jurisdictions and followed a review of its trading volumes and cost and administrative requirements linked to the listings.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 19, 2024 02:54 ET (06:54 GMT)

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