Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, has started trading its ordinary shares on the AIM market of the London Stock Exchange.
The company was placed on the exchange at a price of 115p per share. At this price, the company was valued at £133.8m. The number of ordinary shares in issue immediately following the admission was 116,371,470.
As an engineering contractor, Kentz serves clients primarily in the oil and gas, petrochemical and mining and metals sectors. Its main activities include the provision of mechanical, electrical, controls and instrumentation engineering, construction and management services.