((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Caterpillar Inc. CAT.N said Monday it would delist its shares from two European stock exchanges, following a review of listings.
The company’s shares will be delisted from Euronext Paris on May 28 and from the SIX Swiss Exchange before the end of 2024, after which they will only be traded on the New York Stock Exchange, its main listing venue. .
Very low trading volumes, costs and administrative requirements of listing the stock on European stock exchanges are some of the reasons that were considered for the delisting, the company said.
Caterpillar on Thursday warned of a decline in sales in the current quarter as volumes are affected by tight dealer equipment inventories, raising concerns that the months-long boom in demand for machinery will is coming to an end.