By Adam Whittaker
Metlen Energy & Metals' shares rose as the company started trading on the London Stock Exchange, implying a market capitalization of 6.58 billion euros ($7.63 billion).
The industrial and energy company changed its main listing to London from Athens on Monday, with shares jumping 8.1%, or 3.82 euros, to 50.98 euros in initial trade in London. It will retain a secondary listing on the Athens Stock Exchange.
The company listed 129,024,224 euro-denominated shares on the main market of the LSE at an initial price of 47.16 euros.
The company expects to be included in the FTSE U.K. index from September. It was founded in Greece in 1990 and has been listed on the ASE since 1995.
Metlen Energy operates in over 40 countries and has had a presence in the U.K. for over a decade. It is currently involved in the 2.5 billion pound ($3.32 billion) project to build a subsea electricity interconnection on the east coast.
In 2024, the company reported a net income of 615 million euros and earnings before interest, taxes, depreciation and amortization of 1.08 billion euros.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
August 04, 2025 04:22 ET (08:22 GMT)
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