Athens, Greece (ots/PRNewswire) – NOT FOR DIRECT OR INDIRECT RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, TO OR FROM ANY JURISDICTION WHERE THIS WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
After MYTILINEOS Energy & Metals (“MYTHILINEOS“) has consistently exceeded its targets and strategic objectives, the company, in consultation with its financial, legal and tax advisors, has initiated a review and assessment of its strategic options in order to continue to achieve growth and value creation for shareholders.
As part of this comprehensive strategic control, MYTILINEOS will evaluate various organic and inorganic growth opportunities, the capital allocation model, the optimal balance sheet structure and the appropriate listing structure.
MYTILINEOS is committed to international growth by leveraging its established geographical presence, always building on its Greek heritage, ingenuity and entrepreneurial spirit within a solid governance environment.
In this context, MYTILINEOS is considering a possible listing on an international stock exchange, including the London Stock Exchange, within the next 12-18 months, taking into account its increasingly diversified geographical presence and with the aim of providing its investors with improved liquidity. Regardless of the outcome of this strategic control, MYTILINEOS remains committed to its contribution to the Greek economy and society, with robust operations and tax revenue generation in Greece and the expectation of maintaining a listing on the Athens Stock Exchange, where MYTILINEOS has been listed since 1995.
MYTILINEOS has undergone significant transformation in recent years, reflected in revenue and profitability growth of almost fourfold in the five years to 2023. MYTILINEOS is committed to further strengthening its broad international reach as well as its strong domestic position. Strategic control is intended to ensure that MYTILINEOS maintains its growth trajectory and remains fully aligned with its long-term strategic vision across all business areas, while maximizing value for shareholders.
Citigroup Global Markets Europe AG and Morgan Stanley & Co. International plc are acting as financial advisors to MYTILINEOS on strategic control.
Clifford Chance LLP is acting as international legal counsel.
Zepos & Yannopoulos acts as legal advisor regarding Greek law.
EY acts as an international tax advisor.
MYTHILINEOS:
ΜYTILINEOS Energy & Metals is a multinational industrial and energy company, a leader in the metallurgical and energy sectors, focused on sustainability and circular economy. The company is listed on the Athens Stock Exchange and has consolidated revenue and EBITDA of €5.492 billion and €1.014 billion, respectively. MYTILINEOS is a reference point for competitive “green” metallurgy at European and global levels, operating the only vertically integrated bauxite, alumina and primary aluminum production unit in the European Union (EU) with privately owned port facilities. In the energy sector, MYTILINEOS offers comprehensive solutions, which include thermal and renewable energy projects, electricity distribution and trading, and investments in grid infrastructure, battery storage and other green technologies. The company operates in markets on all five continents and in 40 countries, applying a comprehensive synergy model between the metallurgy and energy sectors and handles the development of large energy infrastructure projects from start to finish.
For more information, visit: www.mytilineos.gr | Facebook | Twitter | YouTube | LinkedIn
Disclaimer : Citigroup Global Markets Europe AG (“Citi”), which is subject to supervision by the European Central Bank and the Federal Financial Supervisory Authority (BaFin), and Morgan Stanley & Co. International plc, which is authorized by the Prudential Regulation Authority (“PRA”) and regulated by the PRA and the Financial Conduct Authority (“FCA”) are acting as financial advisors to MYTILINEOS SA and no one else in connection with the transaction and the matters described herein and are not responsible to anyone other than MYTILINEOS SA for providing the protection provided to clients of Citi or Morgan Stanley, or for the provision of advice in connection with the matters referred to herein, neither Citi nor Morgan Stanley nor any of their respective subsidiaries, subsidiaries or affiliates shall owe or accept any obligation, liability or liability liability (whether direct or indirect, whether in contract, tort, statute or otherwise) to any person who is not a client of Citi or Morgan Stanley in connection with any matter referred to herein.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION TO PURCHASE ANY SECURITIES FROM MYTILINEOS, NOR DOES IT OR ANY PART THEREOF BE THE BASIS OF ANY AGREEMENT OR OBLIGATION TO PURCHASE ANY SECURITIES FROM MYTILINEOS OR SHALL BE USED AS RELIABLE INFORMATION IN THIS CONTEXT
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Questions & Contact:
Frau Antigoni Fakou: MYTILINEOS-Pressestelle,
Tel. +30210-6877346 | Fax +30210-6877400 | E-Mail: Antigoni.fakou@mytilineos.gr
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