Greek energy group Metlen applies for second listing in London (updated)

Metlen Energy & Metals SA

16/12/2024 09:03

(Adds detail, background and quote from paragraph 3)
       ATHENS, Dec 16 (Reuters) - Greece-based energy group
Metlen  MYTr.AT  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  TUI1n.DE  among those to have moved their primary listings
elsewhere.
($1 = 0.9510 euros)
    

 (Reporting by Lefteris Papadimas
Editing by David Goodman)
 ((lefteris.papadimas@thomsonreuters.com; +30 6944 248134;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))