METLEN Energy & Metals Takes Steps Towards London Stock Exchange Listing
METLEN Energy & Metals SA has initiated the process for a primary listing on the London Stock Exchange, a strategic move that reflects the company's global growth ambitions and commitment to enhancing shareholder value. As part of this initiative, a draft listing prospectus has been submitted to the UK's Financial Conduct Authority (FCA) for their review. This document is a critical step in establishing a new entity, METLEN Energy & Metals Limited, which aims to serve as the ultimate parent company within the METLEN group. The proposed listing is set to take place in 2025, signifying a pivotal shift for the company as it expands its international presence.
This decision follows a thorough strategic review carried out by METLEN, which commenced in April. During this review, the team evaluated the potential benefits of pursuing a listing on international exchanges, including London. The intent behind this endeavor is not only to solidify METLEN's footprint in the UK market but also to maintain its existing secondary listing on the Athens Stock Exchange. This dual listing strategy is expected to amplify liquidity options for the company's shareholders, providing them with more flexible investment opportunities.
Evangelos Mytilineos, the Chairman of METLEN, expressed enthusiasm regarding the decision, emphasizing the extensive internal review process that led to this juncture. Mytilineos stated, "I am delighted we have concluded our internal extensive strategic review and that the listing process in London has officially started." He further noted that METLEN has been an active player in both the UK and international markets for many years, reinforcing the rationale behind the decision to pursue a primary listing in London.
With a consolidated turnover of €5.492 billion and an EBITDA of €1.014 billion, METLEN positions itself as a leading player in both industrial and energy sectors. The organization emphasizes sustainability and the circular economy within its operations, making its presence felt across five continents and in over 40 countries.
In addition to its strong performance in metallurgy, which boasts a vertically integrated production unit for bauxite, alumina, and primary aluminum within the EU, METLEN is also influential in the energy sector. The company offers a suite of energy solutions spanning thermal and renewable energies, electricity distribution, and investments in crucial infrastructure, including battery storage and other green technologies.
Prior to this announcement, METLEN had made significant strides in promoting environmental sustainability within its operations. The integration of their metallurgy and energy sectors facilitates the end-to-end development of major energy infrastructure projects, underscoring their commitment to innovation and green solutions.
Looking towards the future, METLEN remains optimistic. The company anticipates that the upcoming updates regarding their listing process will further engage stakeholders and spark interest among potential investors. The listing process is closely monitored as it holds the promise of enhanced visibility and valuation for the company, as well as improved liquidity for shareholders. METLEN Energy & Metals is poised for growth as it navigates this exciting chapter in its corporate strategy, reinforcing its reputation as a significant industry player on the global stage.
This decision follows a thorough strategic review carried out by METLEN, which commenced in April. During this review, the team evaluated the potential benefits of pursuing a listing on international exchanges, including London. The intent behind this endeavor is not only to solidify METLEN's footprint in the UK market but also to maintain its existing secondary listing on the Athens Stock Exchange. This dual listing strategy is expected to amplify liquidity options for the company's shareholders, providing them with more flexible investment opportunities.
Evangelos Mytilineos, the Chairman of METLEN, expressed enthusiasm regarding the decision, emphasizing the extensive internal review process that led to this juncture. Mytilineos stated, "I am delighted we have concluded our internal extensive strategic review and that the listing process in London has officially started." He further noted that METLEN has been an active player in both the UK and international markets for many years, reinforcing the rationale behind the decision to pursue a primary listing in London.
With a consolidated turnover of €5.492 billion and an EBITDA of €1.014 billion, METLEN positions itself as a leading player in both industrial and energy sectors. The organization emphasizes sustainability and the circular economy within its operations, making its presence felt across five continents and in over 40 countries.
In addition to its strong performance in metallurgy, which boasts a vertically integrated production unit for bauxite, alumina, and primary aluminum within the EU, METLEN is also influential in the energy sector. The company offers a suite of energy solutions spanning thermal and renewable energies, electricity distribution, and investments in crucial infrastructure, including battery storage and other green technologies.
Prior to this announcement, METLEN had made significant strides in promoting environmental sustainability within its operations. The integration of their metallurgy and energy sectors facilitates the end-to-end development of major energy infrastructure projects, underscoring their commitment to innovation and green solutions.
Looking towards the future, METLEN remains optimistic. The company anticipates that the upcoming updates regarding their listing process will further engage stakeholders and spark interest among potential investors. The listing process is closely monitored as it holds the promise of enhanced visibility and valuation for the company, as well as improved liquidity for shareholders. METLEN Energy & Metals is poised for growth as it navigates this exciting chapter in its corporate strategy, reinforcing its reputation as a significant industry player on the global stage.
Topics Financial Services & Investing）
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