Qatari firm Panceltica's AIM flotation takes City by storm

摘要

Qatar-based contractor Panceltica is in talks with UK housebuilders about forming a strategic alliance in the UK. The ￡65m-turnover company, which floated on the alternative investment market (AIM) on Monday with a market value of ￡236.4m, specialises in building onsite steel structures for housing and mixed-use projects in the Middle East. It was the largest company to float on AIM this year and its shares were 10 times oversubscribed. Paul Fraser, its chief executive, who owns 26% of the company, said: "We've had interest from all over the world and hopefully there will be some news soon from the UK."