Greek energy company considers multi-billion London listing in rare boost for City [Yahoo! Finance]
MYTILINEOS SA UNSP/ADR (MYTHY)
NASDAQ:AMEX Investor Relations:
mytilineos.gr/en-us/investor-relations/of-mytilineos
Company Research
Source: Yahoo! Finance
Mytilineos, which is already listed in Athens, confirmed on Thursday that it was considering the step within the next 12 to 18 months. It would retain its Greek listing. The company's activities span metallurgy, energy and engineering, and it has a market cap of nearly €5.3bn (£4.5bn). In the UK, Mytilineos has built solar farms as well as infrastructure for the National Grid , including high-voltage power lines such as the Eastern Green Link 1 project. It is looking at a UK listing as part of a “comprehensive strategic review,” it said in a statement. The announcement will be seen as a much-needed boost to the City following a torrid period for London's stock market The City has struggled to attract major listings and has seen an exodus of companies from the public market through de-listings, takeovers or moves to the US. Construction company CRH, British plumbing company Ferguson and travel agent Tui have all shifted their primary listings out of London in recent years.
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