PLUS Markets in dual listing agreement with Munich

LONDON, July 10 (Reuters) - PLUS Markets Group (PMK.L: Quote, Profile, Research) announced on Thursday a non-binding agreement with Munich Stock Exchange to facilitate dual listings of smaller companies in Britain and Germany.

Under the agreement, PLUS intends to create "PLUS-Europe", a new pan-European market, with Bayerische Boerse, the operator of the Munich exchange, in its first international move.

This would also mean PLUS can offer trading of all securities listed on London Stock Exchange's (LSE.L: Quote, Profile, Research) Alternative Investment Market (AIM) under the European passport rights of Bayerische Boerse.

London-based PLUS, which rivals AIM for the listing and trading for smaller firms, has signed up around 90 stocks out of 1,750 listed on AIM. (Reporting by Daisy Ku)