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