European free-to-air broadcaster RTL is reported to have delayed its UK stock listing for the second time. Whilst RTL stock does trade on the London Stock Exchange, it current has a float of less than 15%, the minimum required for entry to the FTSE100.
Earlier in the year RTL delayed the 15% freefloat from April to September; press reports now suggest that this self-imposed deadline will not be met. This is mainly due to falls in the companies stock and the general poor outlook for the European broadcasting subsector.
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