A £4billion Greek investment firm has confirmed plans to seek an initial listing in London as a new boost for the City.
Metlen Energy & Metals, based in Athens, said yesterday that it has submitted a document to the watchdog, the Financial Conduct Authority (FCA).
This is the first step in the legal process that will see the company list in London in 2025, the company said.
The announcement comes after Metlen said earlier this year that it was considering listing on a global scale including London.
London call: Metlen Energy & Metals, which is listed in Athens, said yesterday that it has submitted a document to the watchdog, the Financial Conduct Authority.
It said the move – which will retain a second schedule in Athens – reflected Metlen’s ‘increasing geographical 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 that operates the Eastern Green Link submarine cable on the east coast.
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