Summary
Metlen CEO Evangelos Mytilineos believes the London Stock Exchange is regaining its appeal for companies to list their shares after Brexit-related challenges. While high energy costs remain an issue for UK and European industries, Mytilineos sees cultural and business benefits in listing in London over US markets. Metlen, valued at over £5 billion, recently moved its primary listing to London and quickly joined the FTSE 100 list.
Key Facts
- The London Stock Exchange is seen as becoming more attractive to companies after Brexit challenges.
- Metlen's CEO, Evangelos Mytilineos, recently moved the company's primary listing from Athens to London.
- Metlen is valued at over £5 billion and joined the FTSE 100 quickly.
- Some major UK companies like ARM Holdings and BHP have moved listings to foreign markets.
- Mytilineos cited high energy costs as a major issue for UK and European industries.
- He emphasized the cultural and business fit of London for Metlen over potentially higher valuations in the US.
- He noted that US stock exchanges are "overcrowded," which may reduce interest in new companies.
- Mytilineos expressed support for the green transition but criticized the lack of honest communication about its costs.
