London Listing Switch Poised to Give Metlen a FTSE 100 Spot
A worker at the Aluminum of Greece plant, a unit of Metlen Group, in Agios Nikolaos, Viotia, Greece.
Photographer: Nick Paleologos/BloombergLess than a month after listing its shares in London, Metlen Energy and Metals Plc is on the verge of gaining a place in the UK’s blue-chip stocks benchmark.
The company, whose business includes renewable energy, natural gas trading and aluminum production, will be added to the FTSE 100 Index, most likely at the expense of the gauge’s smallest member, homebuilder Taylor Wimpey Plc, according to an indicative review announced Tuesday by index compiler FTSE Russell.