20th Nov 2020 08:14
(Alliance News) - Segro PLC on Friday said it will begin trading on the Paris stock exchange next week after having a secondary listing approved.
The FTSE 100 real estate investment trust expects admission to Euronext Paris take place on or around Tuesday.
Segro said the listing is of great importance, particularly due to the looming end of the Brexit transition period at the end of the year.
"The secondary listing reflects the growth and importance to the company of its continental European investor base and operations. It manages a EUR6.2 billion portfolio in continental Europe and the secondary listing will ensure that Segro can maintain an optimum and efficient holding structure in respect of these assets following the end of the Brexit transition period on December 31, 2020," the London-based company added.
It will not issue any new shares in relation to the listing.
Segro shares were 0.1% lower at 908.00 pence each in London on Friday morning.
By Eric Cunha; [email protected]
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