TMM upgrades Frankfurt listing to Entry Standard

TMM (TR61 GR) announced on Friday it upgraded the listing of its GDRs to Entry Standard of the Regulated Unofficial Market segment (from the First Quotation Board) of the Frankfurt Stock Exchange due to recent changes in market segmentation. As part of its Entry Standard status, TMM will now be obliged to fulfill certain requirements, such as the issuance of ad-hoc releases and timely financial report distribution. TMM is the second company after Mriya Agroholding (MAYA GR) to move to Entry Standard; to the best of our knowledge, Sintal Agriculture (SNPS GR) is also planning to upgrade its listing status.