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Panceltica and Middle Eastern Shareholders

The shareholders of a structural steel contractor Panceltica have caused a upheaval of the firm. Qatari shareholder Barwa and Dubai investor Ithmar want to de-list the company from the alternative investment market. The proposal itself was voiced by Ithmar but it’s understood that they will hold and review the plan after minority investors voiced their opposition. There are still fears that the company may end up going private. Barwa holds 20% of the company while Strategic Land Partner holds 26.5%. Frantic behind the scene conversations are taking place to persuade the Middle Eastern investors against taking the firm Private. If the firm did go private minority investors could loose out and be left out of pocket.