Mytilineos: How the market saw the dual listing

The analysts commenting on the company’s relevant announcements refer to the benefits that are expected to arise for the company and also for the shareholders from the decision for dual listing of Mytilineos on the London stock exchange. In general, stockbrokers estimate that liquidity is expected to be strengthened and the share further supported, while the fact that it is the first purely Greek company expected to be included in the FTSE 100 index of the London Stock Exchange, one of the largest markets in the world, is positively commented on. On the plus side of the decision is the fact that it reflects the company’s positive course in recent years, especially after the extremely successful corporate transformation. At the same time, the company’s decision to remain in the Greek market is a vote of confidence for the prospects of the Greek economy and market.

Optima notes that Mytilineos is the first Greek company to set the ambitious target of entering London’s FTSE 100 index, a development that the analyst believes will provide further support to the stock, for which he reaffirms a buy recommendation with a target price the 49 euros.

NBG characterizes the possible entry on the London Stock Exchange as a historic move for a purely Greek company, which has managed to excel in the environment of the Greek recovery by creating a “Greek ambassador” in the FTSE 100 index.

Alpha states that the inclusion of the shares in an international stock exchange such as that of London, will also translate into participation in the FTSE 100 index further unlocking value and increasing visibility in the international community, highlighting the successful course of a Greek group that has managed to transform into an established international partner. At the same time, according to the bank, the commitment to dual listing of the shares on the Athens Stock Exchange, further confirms the prospects of the Greek economy, with a vote of confidence in the country in which it established its position and created the foundations to expand abroad.

Beta, for its part, refers to Mytilineos’ ever-diversified and growing international geographic presence and speaks of a move that intends to increase the marketability of the shares and further benefit shareholders.

Finally, Eurobank reports that based on the current capitalization of 5.4 billion euros, Mytilineos is expected to be included in the FTSE 100 index, a development which will significantly enhance the liquidity of the share.

Read more: