Universal Bioenergy applies to list in Frankfurt
Universal Bioenergy Inc. (Pink Sheets:UBRG), a natural and alternative energy company, announced today that it has started the application process to have its Company's stock listed on the Frankfurt Stock Exchange in Frankfurt, Germany. Subject to final approval of the application, Universal Bioenergy anticipates it would begin trading its common stock on the Frankfurt Stock Exchange early this year.
The Frankfurt Stock Exchange is owned and operated by the Deutsche Borse Group, and is one of largest trading exchanges for securities in the world. It is the largest of Germany's seven stock exchanges, and is the home of the DAX "blue chip" stock market index. Deutsche Borse Group also owns the international central securities depository company Clearstream, and with SIX Swiss Exchange, owns the European futures exchange Eurex. The Frankfurt Stock Exchange is home to public companies from over 80 different countries with almost 40% from North America.
"We're very excited about our application to be listed on one of the largest stock markets in the world. Many other Alternative Energy and Green Tech companies are listed on the Frankfurt Stock Exchange. This will give us greater exposure on an international level to more than 250 international trading institutions, 4500 traders, many German investment bankers, broker dealers and investment advisors.
It should also expand our ability to raise capital for acquisitions through a larger pool of investors, increase our trading volume and liquidity, and enhance our reputation in the global marketplace. Although we cannot guarantee final approval for the exchange listing, we believe this is a very positive step, that will bring more value to our Company and our shareholders," says Universal's Vice President Solomon Ali.
This article hasn't been commented yet.