A £4billion Greek industrial conglomerate has confirmed plans to seek a primary listing in London in a fresh boost for the City.
Metlen Energy & Metals, which is listed in Athens, said yesterday that it has filed paperwork with the watchdog, the Financial Conduct Authority (FCA).
It is the first step in a regulatory process that would see the company list in London in 2025, the company said.
The announcement comes after Metlen said earlier this year that it was considering a listing on an international exchange including London.
London calling: Metlen Energy & Metals, which is listed in Athens, said yesterday that it has filed paperwork with the watchdog, the Financial Conduct Authority
It said the move – which will see it retain a secondary listing in Athens – reflected Metlen’s ‘increasingly diversified geographical presence’.
The company, previously known as Mytilineos, operates in more than 30 countries and employs more than 5,000 people. Its businesses include energy plants and aluminium mining in Greece.
In the UK, it is part of a joint venture working on the Eastern Green Link subsea cable off the east coast.
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