Initiating the Listing Process for METLEN Energy & Metals on the London Stock Exchange

Introduction to METLEN's Listing Process on the London Stock Exchange

On December 17, 2024, METLEN Energy & Metals SA, the well-regarded industrial and energy powerhouse formerly known as MYTILINEOS, announced a significant procedural advancement on its journey to receive a primary listing on the London Stock Exchange (LSE). The company has submitted a draft listing prospectus to the UK’s Financial Conduct Authority (FCA), signaling an important step for METLEN Limited, a newly established British subsidiary expected to oversee all operations and strategic initiatives globally.

This announcement comes after a strategic review initiated by METLEN earlier this year, examining the feasibility of listing on an international stock market, including the LSE. Over the next 12–18 months, the company aims to transition from its existing presence in the Greek market, reflecting a broader ambition to enhance shareholder value through diversified market strategies.

Geographical Diversification and Strategic Intent

The dual listing approach, with a proposed presence on both the LSE and the Athens Stock Exchange, underscores METLEN’s commitment to geographic diversification. This strategy not only aims to augment growth and create value but also seeks to improve liquidity options for its shareholders, enhancing investment appeal across different markets.

Evangelos Mytilineos, the Chairman of METLEN Energy & Metals, expressed optimism regarding this milestone, stating, "I am pleased that we have completed our comprehensive internal strategic review and that our listing process in London has officially commenced. METLEN has been active in the British and international markets for many years, and we believe that listing on the LSE aligns with our long-term goals and is in the best interest of both METLEN and our shareholders."

METLEN's Industrial Leadership

As a leader in the metallurgy and energy sectors, METLEN has built a strong legacy of sustainable practices and innovative solutions. The company's operations span 40 countries on five continents, exemplifying its extensive market reach. METLEN specializes in a vertically integrated production model, particularly in bauxite, alumina, and primary aluminum, making it a reference point for competitive green metallurgy in the European Union and globally.

Furthermore, METLEN is not just focused on metal production but also provides comprehensive energy solutions, including thermal and renewable energy projects. Their scope of work embraces electricity distribution and trading, investments in grid infrastructure, battery storage, and other green technologies, making them a multi-faceted industrial player.

With consolidated revenues of €5.492 billion and an EBITDA of €1.014 billion, METLEN is well-positioned to undertake this next chapter in its growth. The strategic review and forthcoming listing reflect the company's ongoing commitment to adapt and thrive in a rapidly changing market environment.

Moving Forward

As METLEN prepares for this transformative step, further updates regarding the progress of its listing on the London Stock Exchange will be shared in due course. Stakeholders can stay informed through METLEN’s official communications and media channels, which will provide insights into their ongoing strategies and market maneuvers.

The future outlook remains cautiously optimistic, recognizing the potential challenges accompanied by such a major undertaking, yet reaffirming the company's resolve to navigate these complexities as it aims to solidify its standing on the world stage.

For additional information about METLEN, visit their official website at www.metlengroup.com.