March 23, 2018 / 9:13 PM / 4 months ago

Stada applies to move away from Prime Standard listing on Frankurt's exchange

March 23 (Reuters) - German pharmaceuticals company Stada said on Friday it had applied to switch its listing of shares to the General Standard market segment from the Prime Standard segment on the Frankfurt exchange, a step which would reduce its reporting requirements.

“This will avoid substantial effort and assist the company in cost-saving and streamlining processes,” the company said in a statement. (Reporting by Shalini Nagarajan in Bengaluru Editing by Peter Graff)

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