Spain's Arteche to move to main stock market on February 2
30/01/2026 15:16
Jan 30 (Reuters) - Spanish electrical equipment maker Arteche Lantegi Elkartea ARTC.MC will move its shares to Spain's main stock market on February 2, the company said in a prospectus filed with the market regulator on Friday. The company will delist from the BME Growth market at the close of trading on January 30 The initial listing price on the main market will be Friday’s closing price on BME Growth The prospectus cites a reference price of 22.4 euros ($26.67) per share as of January 23, implying a valuation of about 1.28 billion euros Arteche’s public free float stands at 12.12%, below the standard 25% requirement; the company has requested an exemption, citing distribution among 1,127 shareholders Arteche plans to sign a new liquidity contract with Kutxabank Investment after admission to trading From January 2024 to December 2025, the share price fluctuated between 3.56 euros and 24 euros, a 574% variation ($1 = 0.8391 euros) (Reporting by Marta Serafinko in Gdansk; Editing by Louise Heavens) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))