Shares in Hammerson have started trading on Euronext Dublin, a step that the company hopes will give overseas investors certainty as the UK disentangles itself from the European Union.
Hammerson, shares in which trade primarily in London and Johannesburg, announced the Irish listing last week, saying the move reflected “the importance and scale of its investor base and operations in continental Europe and the Republic of Ireland”.
The listing follows a similar decision by SEGRO to list its shares on Euronext Paris as the end of the Brexit transition period nears.
Colm Lauder, equity analyst at Goodbody, an investment bank that has advised Hammerson on the new listing, said: “As uncertainty around Brexit continues, a secondary listing on Euronext Dublin will enable Hammerson to maintain an efficient holding structure across its portfolio and guarantee an EU equivalent trading venue for Hammerson’s shares.”
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