The London Stock Exchange is set to rise soon and will continue to be Europe’s financial centre for the foreseeable future, according to the CEO of a Greek industrial conglomerate considering a UK listing.
Mytilineos, already listed on the Athens exchange, confirmed it is exploring a potential multi-billion pound listing in London within the next 12 to 18 months while maintaining its listing in Greece.
In the UK, Mytilineos has developed solar farms and infrastructure projects for the National Grid, including the high-voltage Eastern Green Link 1 project.
This year, #London has secured only 2% of total float volumes in Europe, trailing significantly behind #Zurich & #Frankfurt, according to recent data. The downturn in Square Mile's activity is attributed to the #UK's sluggish economy and a belief that other global stock markets… pic.twitter.com/wPVmcvofa2
— Share_Talk ™ (@Share_Talk) April 26, 2024
Evangelos Mytilineos, Chairman and CEO, noted the company’s strong ties to Britain, highlighted by 10 ongoing projects. He views the potential London listing as a significant endorsement for the City, which has seen several high-profile companies relocate their listings recently.
Notable firms like CRH, Ferguson, and Tui have moved their primary listings from London, with Flutter Entertainment and BHP involved in similar transitions, impacting the FTSE 100.
In a BBC Radio 4 interview, Mr. Mytilineos stated that although a final decision hasn’t been made, one key reason for considering the London Stock Exchange is its potential for recovery and growth in the coming years. He expressed strong confidence in London’s enduring role as Europe’s main financial hub.
