Satnav maker TomTom considers delisting, magazine says

Satellite navigation system maker TomTom is considering delisting from the Amsterdam stock exchange, business magazine Management Team said on Friday.

The rumours sent TomTom shares in Amsterdam up over 15%. Management Team bases its claim on two anonymous financial sector sources.
One source said TomTom’s four founders, who control some 47% of the shares, plus private equity groups Cyrte and Janvio, who own 10%, are preparing a bid for the rest of the outstanding shares.

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