MYTILINEOS eyes international expansion with potential London Stock Exchange listing

MYTILINEOS

MYTILINEOS Energy & Metals, the Greek industrial powerhouse, has announced a strategic review of its options, including a potential listing on the London Stock Exchange. This decision comes as the company celebrates a period of remarkable growth, with revenues and profitability quadrupling in the past five years.

The company, which has been a staple of the Athens Exchange since 1995, is not planning to abandon its roots. MYTILINEOS reaffirmed its commitment to the Greek economy, where it has been a significant contributor through robust operations and tax revenues.

The strategic review will explore various avenues for growth, both organic and through acquisitions, while also assessing the company’s capital allocation, balance sheet, and listing structure. This comprehensive evaluation aims to ensure that MYTILINEOS continues on its upward trajectory, fully aligned with its long-term vision and maximizing returns for its shareholders.

With Citigroup Global Markets Europe AG and Morgan Stanley & Co. International plc as financial advisors, Clifford Chance LLP as international legal advisor, Zepos & Yannopoulos on Greek law, and EY as tax advisor, MYTILINEOS is well-equipped for this strategic venture.

As a multinational leader in metallurgy and energy, focused on sustainability and the circular economy, MYTILINEOS boasts a €5.492 billion turnover and €1.014 billion EBITDA. The company is recognized for its competitive “green” metallurgy and operates the only vertically integrated bauxite, alumina, and primary aluminum production unit in the EU. In the energy sector, MYTILINEOS is a provider of comprehensive solutions, including thermal and renewable energy projects, electricity distribution and trading, and investments in grid infrastructure and green technologies.

With activities spanning 40 countries across five continents, MYTILINEOS is set to leverage its global presence and Greek heritage to achieve new heights in international markets, guided by a spirit of innovation and robust governance.

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