Initiation of Primary Listing Process for METLEN Energy & Metals on London Stock Exchange

METLEN Energy & Metals Begins Listing Journey on the London Exchange

In a significant development for the global industrial and energy sectors, METLEN Energy & Metals SA has officially initiated the process for a primary listing on the London Stock Exchange. This decision marks a pivotal moment in the company's strategic growth and reflects its ambition to enhance its presence in international markets.

On December 17, 2024, METLEN, formerly known as MYTILINEOS, announced that it has submitted a draft prospectus to the UK's Financial Conduct Authority (FCA) for a review. The planned listing is centered around the formation of a newly established entity, METLEN Energy & Metals Limited, which will serve as the group’s parent company. This move aligns with the company's strategy demonstrated in the Greek market, further establishing its foothold in the UK.

This primary listing, alongside a secondary listing on the Athens Stock Exchange, showcases METLEN's increasing geographical diversity and ensures continued value creation for its shareholders by providing greater liquidity. As global markets evolve, METLEN is committed to positioning itself as a leader in both the metallurgical and energy industries, with a strong focus on sustainability and circular economy initiatives.

Evangelos Mytilineos, the president of METLEN Energy & Metals, shared his enthusiasm, stating, "We are excited to have completed our thorough internal strategic review, and the process of listing in London has officially begun. The METLEN group has enjoyed a longstanding presence in the UK and international markets. We believe that this listing will leverage our strengths and better serve our shareholders."

The journey to this point began with a comprehensive strategic review that was publicly announced in April 2024. The review evaluated several opportunities, including the feasibility of listing on an international stock exchange within the next 12 to 18 months. The decision to proceed with the London Stock Exchange signifies METLEN's dedication to enhancing its global presence and operational capabilities.

As part of its business model, METLEN Energy & Metals operates a vertically integrated production facility for bauxite, alumina, and primary aluminum within the European Union, being the only player in this area. Moreover, the company pursues a broad range of energy solutions, handling both thermal and renewable energy projects, while investing in infrastructure, storage technologies, and green initiatives across various continents, thereby adopting a synergistic approach between its metallurgy and energy sectors.

The company’s consolidated revenue is impressive, reaching €5.492 billion, with an EBITDA of €1.014 billion. Such figures not only highlight METLEN's current robust financial health but also set a solid foundation for future growth in the ever-competitive global market.

As stakeholders eagerly follow this announcement, further updates regarding the progress of this primary listing are expected to emerge soon. METLEN is committed to transparency, ensuring its investors stay informed about critical developments and milestones along this promising trajectory.

This move will not only bolster METLEN's position in the global scope but also potentially attract a wider pool of investors looking for sustainable and innovative energy solutions, indicative of the rising importance of environmental considerations in investment decisions. With a dedicated approach to sustainability and industry leadership, METLEN Energy & Metals is poised to make a notable impact in the market as it embarks on this new chapter of growth and opportunity.