Barlo applies for delisting

Plastics and radiator group Barlo has applied for the delisting of its shares from the Irish Stock Exchange and the UK Listing Authority, after an offer from the Sean Quinn-led Sarcon vehicle became unconditional.

It is expected to delist on June 22. The company’s independent directors recommended an offer last March of 48 cent per share from Sarcon, which valued Barlo at €84 million.