Following its spat with Dublin Airport and scrapping routes from there, Ryanair is considering making its second relisting on the stock exchange in two years. This time from Ireland to Belgium.
According to Proactive Investors, the Irish low-cost carrier is looking to move from the Dublin Stock Exchange to the Brussels one instead, amid rising costs in the country too.
Without further ado, let’s get into it…
Ryanair Mulls Second Stock Exchange Relisting in Two Years…
If Ryanair moves over to the Brussels Stock Exchange, then this will be the second time in two years that they have done this.
The last time they did this was in 2021 when they delisted themselves from the London Stock Exchange due to continued uncertainties over BREXIT, the process of the United Kingdom leaving the European Union.
Questioned on why he would leave the institution, Ryanair CEO Michael O’Leary said to The Times:
“There is no reason why we should be in Dublin, rather than Brussels,”
O’Leary has called for simpler regulation in these markets, with the choice behind leaving the financial institution in Ireland is down to there being a higher stamp duty in the country, which could prevent investment opportunities later down the line.
Looking ahead, this is quite the significant time for Ryanair, but more notably the Irish Government as a whole.
The Irish low-cost carrier is a massive provider to the Irish economy through jobs, tourism and more, so will they step in before it’s too late?
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