German retail and leisure group KarstadtQuelle is considering listing its shares in London. Financial Times
As Thomas Cook, KarstadtQuelle’s subsidiary travel business, prepared to float on the UK stock market today, chief executive Thomas Middelhoff indicated that that the parent company could seek a secondary listing in London after its restructuring over the past two years.
'London has more educated investors in retail and leisure,' Middelhoff said.
With more companies to compare it with in London and a bigger pool of analysts to rate it, KarstadtQuelle’s shares could rise above €40 from today’s price of about €25 a share in Frankfurt, he added.