Promina, the Australia and New Zealand business of Royal & Sun Alliance Insurance Group, will have a dual primary listing on the New Zealand Stock Exchange (NZSE).

According to reports Promina will have two exchanges - the NZSE and the Australian Stock Exchange.

NZSE chief executive Mark Weldon said: "We're very excited to have a true trans-Tasman company the calibre of Promina choosing to take a dual listing in New Zealand and Australia.

"Given the current uncertainty surrounding global markets, Promina's decision, the largest global float this year, marks a degree of confidence in both markets right now."

Topics