9th Oct 2018 11:36
LONDON (Alliance News) - Thalassa Holdings Ltd said Tuesday it is in the process of incorporating a new subsidiary in Luxembourg.
The surveying services firm said it is its intention to obtain a listing for the unit on the Luxembourg Stock Exchange.
The new company will initially be a cash shell with the responsibility of considering a number of transactions in Europe providing the company with "flexibility post-Brexit".
"The board consider Luxembourg, lying within the EU, to be an attractive location both geographically and for the transactions under consideration," Thalassa explained.
Thalassa shares were trading down 3.2% at 91.00 pence each.
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