FTSE International has confirmed that Slough Estates will join the FTSE 100 following the merger of Boots and Alliance Unichem.
Slough, with a market capitalisation of £3.05bn, was the largest company on the FTSE 100 reserve list, followed by mortgage adviser Bradford & Bingley with a market capitalisation of £2.9bn.
Slough will join the FTSE 100 with effect at the close of business on Friday 28th July.
The company’s exit from the FTSE 250, means that consultancy firm RPS Group moves up from the FTSE SmallCap to the mid cap index.
Ian Coull, chief executive of Slough Estates, said: “Slough Estates welcomes its inclusion in the FTSE 100 – reflecting the value that has been created by our business.
“Of course fundamentally our purpose is unchanged; our priorities continue to be looking after our customers and maximising returns for our investors, as we build on our position as the leading provider of flexible business space in Europe.”
References: EGi News 27/07/06
