Someone should confirm, but 'de listing' is not technically the same thing as 'going private'. 'Not on the exchange' means you don't have to follow exchange ru

Someone should confirm, but 'de listing' is not technically the same thing as 'going private'. 'Not on the exchange' means you don't have to follow exchange rules, but if you meet certain criteria, you're still a 'public company' and therefore subject to the same public disclosure filings etc.. Usually that has something to do with the number of shareholders, in which case, if many do actually 'hold out' it may still be de-facto a public company. Another way of saying: 'you can't just go private because you have 50%'. But it's also Germany/Lux/EU so it's different 'over there'.