Mytilineos is expected to become the sixth Greek stock to take the step of dual trading on a foreign stock exchange, as confirmed by the group itself after the announcement of the results of the first quarter. The relevant group of consultants has already taken over, in order to prepare the ground for the sixth dual listing for the domestic data.
Mytilineos: At the starting point for entering the London Stock Exchange
After all, Coca Cola was the first to show the way of parallel trading, since since 2013 it has been in simultaneous trading on the London Stock Exchange (LSE). Viochalco followed suit, with simultaneous trading on Euronext Brussels.
Cenergy also took the path of Brussels in 2016 and Titanas in 2019, with the latter also joining Euronext Paris. AustriaCard Holding (formerly Inform Lykos) became the fifth company to join the dual lists of the Athens Stock Exchange, with parallel trading in Vienna.
The “evangelists”…
The performance of Mytilineos is undeniably impressive, especially after the transformation of the group. It is understandable that the management wants to test its strength in a demanding, but with greater prospects market, such as that of London, with the investment option it offers in no way inferior to others of its kind.
The point, as stock market sources report to “OT”, is for the dual listing shares to act as “evangelists” of Greek business in Europe, opening the fan of funds that can see the AX as one of their main options.
So far, the performance of the five dual listings is positive, if judged from the time of the start of dual trading, but the comparisons are not exact, since it was preceded by a violent downward rerating of all the securities during the crisis, especially when the market was passing the entanglements of capital controls.
The “others” 3(?)
Intralot is preparing but is not in a hurry to enter the American stock market (dual listing), as the group’s CEO, S. Kokkalis, previously stated, with interest now high, as the listed company has left behind its difficult period surveillance.
According to well-informed sources, there are two more unlisted companies considering dual trading, but Athens is the second step and London the first. The first comes from the professional and language skills certification sector and the second from the energy sector.
