Procuring centre proprietor Hammerson is searching for a secondary itemizing in Dublin and expects its shares to start buying and selling in Eire as early as subsequent week, days earlier than the UK’s transition interval from the EU ends.
The FTSE 250 firm’s resolution follows an identical transfer by warehouse group Segro, which final month launched a secondary itemizing in Paris.
Each UK-listed teams are searching for to keep up a foothold within the 27-nation bloc. Hammerson needs to ensure an EU equal buying and selling venue for its shares, it stated on Friday.
Hammerson, which owns and manages properties in France and Eire in addition to the UK, expects its shares to start buying and selling on the principle securities market of Euronext Dublin on December 23. Institutional traders based mostly within the European Financial Space, excluding the UK, personal about 27 per cent of the corporate’s shares.
The group’s properties in France are valued at £1.2bn and in Eire at £800m. Hammerson has growth alternatives in Dublin in addition to different locations in Barcelona.
Britain’s transition interval with the EU ends on December 31.