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METLEN Energy & Metals Initiates London Stock Exchange Listing

On December 16, 2024, METLEN Energy & Metals SA, formerly known as MYTILINEOS, took a significant step towards a primary listing on the London Stock Exchange (LSE). The company has filed a draft listing prospectus with the UK's Financial Conduct Authority (FCA), marking the start of a regulatory process aimed at securing a listing in 2025. This initiative comes after a strategic review conducted by METLEN in April 2024, which explored opportunities for an international listing.

A New Parent Company

The envisioned entity, METLEN Energy & Metals Limited, will serve as the parent company of the METLEN group, adhering to similar frameworks observed in the Greek market. This structural change underscores METLEN's commitment to diversifying its geographical reach while maintaining a secondary presence on the Athens Stock Exchange. The company's strategy is designed to enhance liquidity for its shareholders, indicating a robust growth trajectory.

Evangelos Mytilineos, the Chairman of METLEN, expressed enthusiasm about the completion of the internal strategic review, emphasizing the benefits of establishing a presence in the UK's financial markets. “We believe that the listing on the London Stock Exchange will be in the best interests of both METLEN and its shareholders,” he remarked, highlighting the group’s longstanding engagement in international markets.

METLEN's Strategic Vision

METLEN Energy & Metals operates as a leader in the metallurgy and energy sectors, focusing on sustainable development and a circular economy. The corporation reported revenues of €5.492 billion and EBITDA of €1.014 billion, showcasing its strong financial performance. By being recognized for its competitive green metallurgy and its unique vertically integrated production unit within the EU, METLEN reinforces its position as a reference point in the industry.

In the energy sector, METLEN doesn’t just provide thermal and renewable energy solutions; it also engages in electricity distribution and investments in battery storage and grid infrastructure. With operations spanning 40 countries across five continents, METLEN adopts a synergistic business model that bridges both metallurgy and energy sectors to drive comprehensive growth and development.

Looking Ahead

As the company embarks on this new listing journey, it hosts a vision focused on integral growth and international expansion. The primary listing on the LSE is poised to bring about improved financial flexibility and market presence, meeting the expectations of stakeholders and investors alike. Furthermore, METLEN aims to keep its shareholders regularly updated on further advancements in the listing process and other strategic initiatives.

In conclusion, METLEN Energy & Metals is poised to become a significant player on the London Stock Exchange, carving out opportunities for greater shareholder value, which reflects its strategic goals of international expansion and sustainability in industrial operations.

For more updates on METLEN's journey and corporate developments, you can visit www.metlengroup.com.