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Wanda Sports Group edges closer to delisting

Wanda Sports Group Co. IPO at Nasdaq MarketSite in New York (Michael Nagle/Bloomberg via Getty Images)

The board of Wanda Sports Group has approved a move to delist from the Nasdaq stock exchange amid the proposal from a Dalian Wanda subsidiary to buy the outstanding Class A ordinary shares.

Wanda Sports Group, which owns the Infront agency, said today (Wednesday) that it expects the delisting of all Class A ordinary shares represented by American depositary shares (ADSs) to take place on or about January 29 next year.

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