Dual-listed stocks/ Dual listings

Niklas Landsberg

I am wondering whether it is possible to identify dual-listed stocks from Refinitiv.

I am interested in dual listings (different to cross listings) where two entities enter into an equalization agreement and become dual-listed. There are two main types: Combined entities and separate entities.

• Combined entities refer to "two companies are held by one or more jointly-owned holding companies. The latter pay dividends to the two companies using a predetermined ratio as outlined in the equalization agreement. " Example: ABB or Royal Dutch/ Shell
  
• Separate entities refer to "operating activities remain fully owned by each of the two merged companies. The companies also retain their domiciles, listings, and shareholders. There is a contractual agreement between the twins to provide for equalized payments to shareholders." Example: Rio Tinto

Using SCREENER and LEI, I am partially able to identify separate entities because they differ in their respective LEI. But I don't see how to identify combined entities since they have the same ISIN, PermID, LEI etc and I need to differentiate to cross listings which have the same data.

Is there another way how to identify those stocks? As an example ABB (ABB.S/ ABBN.S CH0012221716) is dual-listed vs. Deutsche Bank (DE0005140008) cross-listed?

Jirapongse

@Niklas Landsberg

Thank you for reaching out to us.

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The best resource for content questions is the Helpdesk support team, which can be reached by submitting queries through LSEG Support. The support team will either have the required content expertise ready available or can reach out to relevant content experts to get the answer for you.

You need to ask for the Excel formula, such as =RDP.Data, that can be used to retrieve the required data. Then, we can help you converting that formula to Python code.

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