"Metlen employs nearly 10,000 people in 40 countries and moved its primary listing from Athens to London in August this year. With a total value of over 5 billion, it was the fastest company to be admitted to the FTSE 100 list of the UK's most valuable listed firms. The move comes after some big UK companies quit the London Stock Exchange to sell their shares on foreign markets."
""First of all, most of our executives have started in England," he said. "They all feel at home in the UK. We have a substantial part of our business in the UK, and most of the rest of the business is in Europe. Not much to do with the US." He said US stock exchanges were "overcrowded" adding "I don't think we would get people to take the same interest in the company [in the US].""
Metlen moved its primary listing from Athens to London in August and entered the FTSE 100 faster than any other company. The company is valued at over 5 billion and employs nearly 10,000 people across 40 countries. London was selected for cultural and business fit, with many executives having started careers in England and substantial business located in the UK and Europe. US markets were seen as potentially higher-valued but overcrowded. High energy costs pose an obstacle for European and UK customers, and political honesty about energy transition costs has been lacking.
Read at www.bbc.com
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