Naguib Sawiris-backed Endeavour Mining has listed today on London Stock Exchangeafter being admitted into the UK Listing Authority’s premium listing segment, the company said in a statement.
Endeavour, which counts Sawiris’ La Mancha as its largest shareholder, set up a new holding company based in London that will also begin trading under its new corporate structure on the Toronto Stock Exchange starting Wednesday, according to Arab Finance.
Its shares will be listed on both exchanges under the ticker EDV. The company expects to be added to the UK’s blue-chip index FTSE 100.
Background: Endeavour earlier this year finalized the takeover of West Africa-focused Teranga Gold — completed through a USD 1.86 bn share swap agreement that created one of West Africa’s 10 largest gold producers.
