Ciner Group plans UK flotilla flotation

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Ciner Group plans UK flotilla flotation

The move would be the biggest flotation of the country this year and could see We Soda enter the FTSE 100 index.

Earlier this year, the building materials giant CRH said it would be moving its main share listing from the UK to the US. British microchip designer Arm will be available in the US despite reports that the UK government had lobbied it to choose London.

We Soda's chief executive, Alasdair Warren, told BBC's Today programme it had chosen the UK because it felt the London market was one that would well understand our business. Electric vehicles use solar panels and batteries.

The flotilla is aiming to raise about $800 million for the Ciner Group, with part of the proceeds being used to pay down debt.