ATHENS (Reuters) - Greece-based energy group Metlen has applied for a second listing on the London Stock Exchange, seeking to strengthen its presence in international markets, two sources with
Metlen Applies for London Listing to Expand Market Reach
ATHENS (Reuters) - Greece-based energy group Metlen has applied for a second listing on the London Stock Exchange, seeking to strengthen its presence in international markets, two sources with knowledge of the matter told Reuters on Monday.
Metlen's shares trade on the Athens Stock Exchange.
The Greek group, which is expanding fast through acquisitions in the energy sector, has a market capitalisation of 4.9 billion euros ($5.15 billion).
“Their aim is also to be included in FTSE 100,” one of the sources said.
Metlen is bucking the trend of companies leaving the London market since Britain quit the European Union, with travel group TUI among those to have moved their primary listings elsewhere.
($1 = 0.9510 euros)
(Reporting by Lefteris Papadimas; Editing by David Goodman)
