Petroceltic looking beyond AIM and ESM with main market listings


Ireland’s Petroceltic International is moving to obtain approvals for a planned corporate reorganization, following its takeover of Melrose Resources and $500m funding deal with the International Finance Corporation, HSBC, Nedbank and Standard Chartered Bank. The Dublin-based company plans to upgrade its listings on the London Stock Exchange’s Alternative Investment Market and Irish Stock Exchange’s Enterprise Securities Market by joining the main LSE and ISE markets.