Since launching a London market in late 2010, NYSE Euronext had, until June this year, won no listings. But the upcoming listing of Channel Tunnel operator Groupe Eurotunnel will see an end to this drought.
On July 19 Group Eurotunnel will list its shares on the NYSE Euronext London platform and a day later will cancel its listing on the London Stock Exchange (LSE).
NYSE Euronext says in a release the channel tunnel operator will ‘benefit from improved liquidity and direct, convenient access to a broad investor base across Europe.’
Diederik Zandstra, head of international listings at NYSE Euronext, said in June that more potential listings were being discussed, although he would not comment further. NYSE Euronext also operates markets in New York, Paris, Lisbon, Brussels and Amsterdam.
Groupe Eurotunnel currently has listings on the LSE and NYSE Euronext Paris, a legacy from when it was jointly owned by British and French companies.
The company has been run by just a French company since 2007 and the majority of its trading takes place in Paris, reports the Financial Times.
