City Of London
Metlen’s Shares Gain in London Debut After Shift From Athens
A Greek Army Leopard 2A6 main battle tank at the Metlen Energy & Metals SA pavilion at the DEFEA international defence exhibition in Athens.
Photographer: Nick Paleologos/BloombergMetlen Energy and Metals Plc’s shares rose in its debut on the London Stock Exchange on Monday after moving its primary listing from Athens, although trading in the stock was relatively thin.
The firm’s shares closed at €48.68 ($56.269) in London on Monday, 3.2% higher than the Athens-listed stock’s closing price of €47.16 on Friday. Metlen, with a market capitalization of more than €6 billion, did not raise any new funds with the listing.