Wellington, Dec 1 NZPA - Laundry company Taylors Group will be delisted from the New Zealand stock market at the end of the week.

Last month Australian company Spotless gained 95 percent of Taylors' shares, enabling it to compulsorily buy the remaining shares at $2.25 per share.

NZX Regulation today advised that following the 100 percent takeover Taylors would be de-listed from the NZSX market at the close of trading on Friday.

Taylors' shares are suspended from trading and as they would be 100 percent held by Spotless following completion of the takeover, NZXR was satisfied that there was no detriment to shareholders if the company ceased to be listed.