A boost for the city as £4 billion Greek conglomerate Metlen Energy & Metals looks to list in London
A Greek industrial conglomerate worth £4 billion has confirmed plans to pursue a primary listing in London as a new boost for the city.
Athens-listed Metlen Energy & Metals said yesterday it has filed paperwork with the watchdog, the Financial Conduct Authority (FCA).
It is the first step in a regulatory process that will see the companies list on the stock exchange in London by 2025, the company said.
The announcement comes after Metlen said earlier this year it was considering a listing on an international stock exchange, including London.
London calls: Metlen Energy & Metals, listed in Athens, said yesterday it has filed paperwork with the watchdog, the Financial Conduct Authority
The company said the move – which will see it retain a secondary listing in Athens – reflected Metlen’s “increasingly diversified geographic presence.”
Formerly known as Mytilineos, the company operates in more than 30 countries and employs more than 5,000 people. Its activities include power plants and aluminum mining in Greece.
In Britain it is part of a joint venture working on the Eastern Green Link submarine cable off the east coast.
DIY INVESTMENT PLATFORMS
A. J. Bell
A. J. Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund trading and investment ideas
interactive investor
interactive investor
Invest for a fixed amount from € 4.99 per month
Sax
Sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account fees
Affiliate links: If you purchase a product, This is Money may earn a commission. These deals have been chosen by our editors because we believe they are worth highlighting. This does not affect our editorial independence.