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Article: Foreign miner joins FTSE
- Article from:
- The Sunday Telegraph London
- Article date:
- June 8, 2008
- Author:
CopyrightCopyright 2008 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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THE colonisation of the FTSE 100 by foreign resources companies
will continue this week when Ferrexpo, the Ukrainian iron ore
producer, is catapulted into the blue chip index.
A market capitalisation of around pounds 2.68bn will place it at
around 80th in the rankings of the largest UK companies. It is
likely to be joined by Invensys, which is valued at pounds 2.59bn
and is making a remarkable return to the top flight after a near-
collapse.
However, two of the biggest London share offerings this year are
not eligible for inclusion in the index. Trading in Fresnillo, the
Mexican silver miner valued at pounds 3.97bn, has only been