London Stock Exchange Group (LSEG) today announces that its successful international business support programme, ELITE, is welcoming a further 25 companies – 13 within its international programme and 12 in Morocco, where ELITE is run in partnership with Casablanca Stock Exchange. For the first time, businesses from Czech Republic and Malta are represented, bringing the total number of participating countries to 25.
Elie Rubin, CEO:
“We believe ELITE presents a great opportunity to grow our business through a community of excellence: companies, advisers, investors and stakeholders”.
The new ELITE international company CEOs will open trading on London’s markets this morning, alongside Xavier Rolet, CEO, London Stock Exchange Group and Luca Peyrano, CEO, ELITE.
The 25 new businesses come from across 10 countries, representing a diverse range of sectors including healthcare, technology, food and oil & gas. From today, 464 companies are part of the growing international ELITE community, generating €39 billion in combined revenues and accounting for over 170,000 jobs across Europe and beyond.
Simultaneously, in Morocco today, Casablanca Stock Exchange (CSE) is announcing its second cohort of 12 Moroccan businesses joining ELITE. This follows the successful launch of ELITE in Morocco in 2015, the first time the programme was rolled out in partnership with another exchange and outside of Europe.
ELITE is actively partnering and collaborating with the international financial community, including banks and other stock exchanges, reinforcing LSEG’s Open Access philosophy. Last week, ELITE signed an agreement with Budapest Stock Exchange to launch a tailored ELITE programme in Hungary. ELITE also continues to work with UniCredit, the Italian global banking and financial services company, to attract new companies, specifically from CEE countries, to the programme.
Luca Peyrano, CEO, ELITE:
“Today’s new ELITE companies showcase the fantastic businesses developing across Europe, Israel, Russia and Morocco. ELITE will give them access to a community of leading investors, advisers, peers and business mentors, helping them to achieve their full potential. In turn, their innovation, job creation and growth can transform the economies in which they operate. ELITE, together with its partners, is committed to creating a community where the business stars of the future can come together and thrive.”
Olivier Guersent, Director General for Financial Stability, Financial Services and Capital Markets Union, European Commission:
The European Commission is very supportive of programmes such as ELITE which nurture the next generation of large European job-creators.
“Europe needs a stronger link between innovative, high-growth companies and the capital that can support them at every stage of development.
“A stronger equity culture is needed if we want to see more capital-raising opportunities for companies. The Commission is determined to deliver a true Capital Markets Union and the ELITE programme is making a very valid contribution towards achieving this key goal.”