London – 4 July 2013– NYSE Euronext (NYX) today welcomed Norbert Dentressangle, a major European transport, logistics, and freight forwarding company, to its London market. This is a dual listing for Norbert Dentressangle (ticker code: GND), which is already listed on the Exchange’s Paris market and has a market cap of €615 million (3July 2013).
To celebrate Norbert Dentressangle’s first day of trading on NYSE Euronext London, Chief Executive Officer, Hervé Montjotin, rang NYSE Euronext’s European market Opening Bell at the Exchange’s London office.
Founded in London in 1979, Norbert Dentressangle initially focused its business on cross channel transport between France and the United Kingdom. The company doubled its size in Europe with the acquisitions of Christian Salvesen in 2007, TDG in 2011 and Fiege’s logistics operations in Italy and Iberia in May 2013. Employing 32,500 people, Norbert Dentressangle operates from 500 locations across 26 countries and generates around 32% of its consolidated turnover within the United Kingdom.
“We are very pleased that Norbert Dentressangle selected NYSE Euronext as its strategic partner for raising its visibility amongst the London and international investor community. We are delighted to welcome them to our London market today,” said Diederik Zandstra, Head of International Listings, NYSE Euronext. “The growth of Norbert Dentressangle has been significant over the last few years and by further leveraging our listings platform, the company will benefit from NYSE Euronext’s unique ability to connect an unparalleled capital markets community that supports issuers looking to generate capital and liquidity.”
Hervé Montjotin CEO of Norbert Dentressangle said: “It gives me great pleasure to announce our listing on NYSE Euronext London, in addition to our NYSE Euronext Paris listing. This event represents an important step in the growth of our company. It will help to diversify and expand our shareholder base by giving us access to NYSE Euronext’s extensive network of London-based institutional investors, and will position Norbert Dentressangle as a leading international, transport, logistics and freight forwarding company. We also believe our listing on NYSE Euronext London will raise the profile of Norbert Dentressangle amongst the UK investment community who have a wealth of experience in the transport, logistics and supply chain sector, and a good understanding of the key business attributes required to succeed in this highly competitive and increasingly global marketplace.”