London-domiciled giant Ashtead has confirmed plans to switch to a New York listing over the next 12 to 18 months subject to shareholder approval.
Ashtead's intentions were revealed by The Telegraph back in June, with the £24bn construction equipment rental group now formally announcing its plans to make the US stock market its primary residence. Canal+ crosses Channel to list on the London Stock Exchange following disbanding of Vivendi In a stock exchange announcement, Ashtead's board explained that it is now "substantially a US business", with 98% of its operating profit derived from North America, which it considers a core growth market. Ashtead's executive management team and operational headquarters are based in the US ...
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