Norbert Dentressangle’s ordinary shares have been admitted to listing on the standard listing segment of the Official List, and to trading on NYSE Euronext London, the regulated market operated by LIFFE Administration and Management, under the symbol “GND.”
The acquisitions of Christian Salvesen in 2007 and TDG in 2011 have increased the United Kingdom’s importance for the company. The U.K., where it employs more than 12,800 people, now represents around 32 percent of Norbert Dentressangle’s group turnover, second only to France, generating revenue of €1.236 billion (approximately US$1.6 billion) in 2012.
“Today in London, we are pleased to celebrate our listing on NYSE Euronext London, which is in addition to our listing on NYSE Euronext Paris,” said Hervé Montjotin, Norbert Dentressangle’s chief executive, who traveled to London to ring the opening bell. “This new listing will serve to diversify our shareholder base, access NYSE Euronext’s deep pool of London-based institutional investors, and position Norbert Dentressangle as a leading international transport, logistics and freight forwarding company. This also reflects the strong contribution of our UK-based businesses — across our three areas of expertise — transport, logistics and freight forwarding — to the croup’s growth story, as we are getting ready for the next phase of our European and international expansion plan.”
Montjotin noted the importance of increasing the company’s profile with the U.K. investment community, which “has a great deal of experience in the transport, logistics and supply chain sectors and a good understanding of the key success factors.”
The company is not offering any new shares or any other securities in connection with admission. The company said its shares also will not be generally made available or marketed to the public in the United Kingdom or any other jurisdiction in connection with admission.