Norbert Dentressangle expects its shares to be traded in London from 4th July, after getting approval for a listing on the NYSE Euronext market in London from LIFFE Administration and Management.
The company’s shares are already traded on NYSE Euronext Paris. Some 32 per cent of Denressangle’s turnover comes from its UK business following the acquisitions of Christian Salvesen in 2007 and TDG in 2011. UK sales were €1.2 billion last year.
It is making almost ten million €2 shares available on the market, subject to the UK Listing Authority approval following a listing hearing which is currently expected to take place on 2nd July.
The company said: “Through its listing on NYSE Euronext Paris and NYSE Euronext London, the company intends to maximise its target investor base and to provide greater access to the shares among London-based financial intermediaries and investors.”