GTCO Achieves Historic Secondary Listing in London with White & Case Support

Deal News | Jul 11, 2025 | White & Case LLP

GTCO Achieves Historic Secondary Listing in London with White & Case Support

Global law firm White & Case LLP provided advisory services to Guaranty Trust Holding Company (GTCO), a major sub-Saharan financial services entity, regarding its secondary listing in London. GTCO's ordinary shares were admitted to the Official List of the UK Financial Conduct Authority and began trading on the Main Market of the London Stock Exchange. This marks a significant development for GTCO, which first listed on the LSE in 2007, reflecting a productive client relationship with White & Case. The transaction underscores the efficacy of recent UK listing reforms and confirms the London Stock Exchange as a favorable environment for international capital raising. White & Case's advisory team, led by partners Stuart Matty, Inigo Esteve, and Melissa Butler, was praised for its multidisciplinary approach and historic engagement with GTCO, which stands as one of Africa's biggest financial networks.

Sectors

  • Financial Services
  • Legal Services

Geography

  • United Kingdom – The UK is central to the article as GTCO’s shares were listed on the London Stock Exchange's Main Market, which is key to the transaction.
  • Nigeria – GTCO is headquartered in Nigeria, highlighting the geographic connection and the cross-border nature of the financial transaction.

Industry

  • Financial Services – GTCO is a leading African financial services organization involved in banking and other financial activities across multiple countries, showcasing the relevance of this industry classification.
  • Legal Services – White & Case LLP played a significant role in advising GTCO on its listing, marking the involvement of the legal services industry in facilitating international financial transactions.

Financials

    Participants

    NameRoleTypeDescription
    White & Case LLPLegal AdvisorCompanyAn international law firm that advised GTCO on its secondary listing on the London Stock Exchange.
    Guaranty Trust Holding Company (GTCO)Target CompanyCompanyA leading financial services organization in sub-Saharan Africa with a recent secondary listing in London.
    London Stock Exchange (LSE)Trading VenueCompanyThe exchange where GTCO’s shares are traded following its admission to the UK Financial Conduct Authority's List.