Saturday, 9 July 2011

Dana Gas considers LSE asset listing - The National

Dana Gas is weighing whether to list some of its assets on the London Stock Exchange as trading volumes and stock valuations on local markets stumble.

The potential London listing follows attempts by at least two other companies in the Gulf to enter European markets with the aim of attracting more trading in their shares and getting fairer valuations for their assets.

DP World, the Dubai global ports operator, launched a second primary listing in London last month to complement trading on Nasdaq Dubai. Oman's Renaissance Services, an oil and gas services company, tried but failed to list one of its subsidiaries in London earlier this year but is considering a second attempt.

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