Eurotunnel first to list on new London stock exchange
Mike Weir | Thursday, 19 July 2012
Channel tunnel operator and soon-to-be ferry company aims to resucitate interest in its shares
The company previously had dual listings on the London Stock Exchange and the NYSE Euronext in Paris, but management hope that moving the London listing from the London Stock Exchange to the London NYSE Euronext will resucitate trading in the stock.
Eurotunnel recently spent €65 million purchasing three ferries which used to belong to defunt French operator SeaFrance.
Chairman and Chief Executive Officer Jacques Gounon arrived in London by train from France this morning and was joined by his management team to mark the start of trading.
He said: “Being visible in both the financial marketplaces of London and Paris will help us serve properly our shareholders across the Channel. Listing on NYSE Euronext London is a milestone that will increase the liquidity of our shares and unveil the group’ s potential internationally.”
Gounon will close the European cash markets of NYSE Euronext from Paris at 5.30 pm.
“We are delighted to welcome Groupe Eurotunnel as the first company to join NYSE Euronext’s London market.” said Dominique Cerutti, President and Deputy CEO of NYSE Euronext.
“Euronext helps issuers generate capital and liquidity. We look forward to a long and successful partnership with Group Eurotunnel as a valued member of our issuer community.”
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