Metlen at the Forefront of London's Comeback

Metlen is at the forefront of London's effort to regain its position as Europe's leading financial center. According to a report in the Times, the energy and industrial group Metlen, valued at over £6 billion, has started trading its shares on the LSE and is seeking inclusion in the FTSE 100 index in September.

This move comes at a time when London is trying to attract large European companies again, after a period when groups such as CRH and Flutter Entertainment moved to New York. Capital market reforms are enabling London to attract listings of European companies worth over £30 billion in the coming years.

Metlen, which already has a listing in Athens, has a free float of over 70% and its valuation is almost double that of Croda International, the smallest company in the index, reinforcing the belief that London can welcome big players again.