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METLEN Energy & Metals Begins Listing Process on London Stock Exchange

On December 24, 2024, METLEN Energy & Metals SA, previously known as MYTILINEOS, declared its intent to start the primary listing process for its shares on the London Stock Exchange. The announcement was made after filing a prospectus project regarding the listing of a newly formed subsidiary in the UK, named METLEN Energy & Metals Limited, with the Financial Conduct Authority (FCA) in the UK for review. This operation signifies a pivotal step for METLEN as it aims to enhance its corporate presence in international markets.

Strategic Review Leads to Listing Decision

This strategic move towards a primary listing in London follows an extensive internal review conducted earlier this year, where potential listings on international exchanges were evaluated. The review, announced in April 2024, explored various options for enhancing METLEN's visibility and growth over the next 12 to 18 months. By maintaining a secondary listing on the Athens Stock Exchange while launching in London, METLEN is poised to leverage its geographical diversification and market opportunities effectively.

The Vision of METLEN's President

Evangelos Mytilineos, the president of METLEN Energy & Metals, expressed his enthusiasm regarding this significant development. He stated, “I am delighted that we have completed our comprehensive internal strategic review and that the process for listing in London has officially commenced. METLEN has had a presence in the UK and international markets for many years. We believe that listing on the London Stock Exchange will be in the best interest of METLEN and its shareholders.”

Aiming for Global Reach and Value Creation

The decision to pursue this listing process underlines METLEN's commitment to providing enhanced liquidity opportunities for its shareholders and showcasing its robust growth strategy. The dual listings aim to reflect the company’s expanding international footprint and to cultivate value in competitive markets. As METLEN continues to innovate and enhance its operational frameworks, the forthcoming listing is anticipated to attract increased investor interest and broaden its shareholder base.

Sustainable Practices in Energy and Metallurgy

METLEN Energy & Metals stands out as a multinational leader in the sectors of metallurgy and energy, renowned for its dedication to sustainability and circular economy principles. With consolidated revenues and EBITDA of €5.492 billion and €1.014 billion respectively, the company has established a benchmark for green metallurgy on both European and global fronts.

Comprehensive Energy Solutions

In the energy sector, METLEN provides integrated solutions covering thermal and renewable energy projects, electricity distribution and trading, and investments in network infrastructure, battery storage, and various other green technologies. With operations across 40 countries on five continents, the company reflects an extensive synergy between its metallurgy and energy sectors while driving large-scale energy infrastructure projects from conception to completion.

Future Developments and Prospective Statements

As METLEN moves forward with this pivotal listing process, more updates regarding progress will be shared in due course. It is essential to note that certain statements made in this announcement are forward-looking and involve risks, uncertainties, assumptions, and other factors outside METLEN's control, which may significantly affect actual results or events compared to those implied within these forward-looking statements.

For additional details, please visit METLEN Group and connect with them on social media platforms including Facebook, Twitter, YouTube, and LinkedIn.