Natura &Co announced it will end its secondary listing of American Depository Shares (ADSs) on the New York Stock Exchange (NYSE). The company will maintain its primary listing of common shares on the B3 stock exchange in São Paulo.
This move is part of a larger strategy by the company to simplify operations. The company stated that “the vast majority of Natura &Co trading activity is concentrated on the B3 stock exchange” and that the decreasing trading volume on the NYSE no longer makes it a “compelling option.”
“The planned delisting of Natura &Co from the New York Stock Exchange is consistent with our long-term strategy for the business,” said Fabio Barbosa, Natura &Co Chief Executive Officer. “This move underscores our continued focus on simplifying our operations to reduce complexity. We thank Natura &Co investors who held ADRs and look forward to welcoming many of them as shareholders on the B3 market. Upholding our dedication to transparency, we will maintain our high disclosure standards through our listing in Brazil.”
Natura &Co’s delisting is expected to go into effect next month.