Greek energy and metals group METLEN is set to begin trading on the London Stock Exchange on Monday, after the company announced it had successfully completed a key share exchange offer with over 90% shareholder participation.
Record-high levels over the past 15 years, a streak of positive returns, strong profitability, and increasing trading volumes paint a positive picture for the stock market, which has seen nine consecutive months of growth—an unprecedented record in market history, showing all the hallmarks of a bull market.
A page turner for EuroHoldings Ltd, the Nasdaq-listed shipping company, brings the entry of the Latsis family into the majority shareholding through Marla Investments Inc. The deal, which was completed with the purchase of 51.04% of the common shares from shareholders linked to the Pitta family, marks one of the most significant investment moves by Greek business interests in the shipping industry in recent times.
The transaction price was set at $12.90 per share, with a total volume covering 1,437,697 shares. This was an all-cash deal conducted without the issuance of any new shares, thereby classifying it as a “clean transaction” – a rarity in the shipping industry when it comes to listed companies.