Guinness supplier Diageo plc dumps Dublin listing

Diageo PLC (LSE:DGE), global supplier of high-profile alcoholic drinks brands including Guinness, Baileys and Johnnie Walker, has decided to delist its shares from the Dublin and Paris stock exchanges following a review of the trading volumes, costs and administrative requirements for the Euronext listings.

The £80bn corporation said the delistings will not have any impact on Diageo’s day-to-day operations in France or Ireland, but “Investors whose shares are listed on Euronext Paris or Euronext Dublin are encouraged to consult with their own investment advisers as to how the delistings may affect them”.

Diageo’s Paris is expected to take effect on May 26 and May 30 for Dublin, subject to relevant approvals.

Concentrating Diageo’s focus on London makes for a rare boost of confidence for the City, which has been a spate of high-profile departures itself, including construction blue chip CRH plc.

British semiconductor designer Arm Holdings’ owner Softback has also chosen to list the multibillion-pound firm in New York over London, which Paddy Power-owner Flutter is also rumoured to be considering a move.

Read more here: Source link

Leave a Reply

Your email address will not be published. Required fields are marked *