MYTILINEOS Energy & Metals, a multinational industrial and energy company, is undertaking a comprehensive strategic review to assess its options for future growth and value creation. The company, which has consistently surpassed its goals and strategic objectives, aims to continue generating growth and delivering value to its shareholders.
As part of this strategic review, MYTILINEOS is evaluating both organic and inorganic growth opportunities, capital allocation models, optimal balance sheet structure, and appropriate listing arrangements. The company is committed to international expansion, leveraging its geographically diverse footprint while staying true to its Greek heritage, innovation, and entrepreneurial spirit within a strong governance framework.
One of the options being considered is a possible listing on an international stock exchange, including the London Stock Exchange, within the next 12 to 18 months. This move would provide increased liquidity for investors, taking into account MYTILINEOS’ expanding global presence. Regardless of the outcome of the strategic review, MYTILINEOS remains dedicated to contributing to the Greek economy and society, maintaining solid operations and generating tax revenues in Greece while continuing to be listed on the Athens Stock Exchange.
Over the past years, MYTILINEOS has undergone significant transformation, achieving nearly fourfold revenue and profitability growth in the five years leading up to 2023. The strategic review aims to ensure that the company sustains its growth trajectory and remains fully aligned with its long-term strategic vision across all business segments, while maximizing value for its shareholders.
MYTILINEOS has engaged Citigroup Global Markets Europe AG and Morgan Stanley & Co. International plc as financial advisors for the strategic review. Clifford Chance LLP will provide legal advisory services internationally, and Zepos & Yannopoulos will serve as legal counsel for Greek law matters. EY acts as the international tax advisor.
MYTILINEOS Energy & Metals is a leading multinational industrial and energy company focused on sustainability and the circular economy. With its listing on the Athens Stock Exchange, the Company achieved consolidated revenue and EBITDA of €5.492 billion and €1.014 billion respectively. Additionally, MYTILINEOS operates the only vertically integrated bauxite, alumina, and primary aluminum production unit in the European Union, with privately owned port facilities. In the energy sector, MYTILINEOS offers comprehensive solutions encompassing thermal and renewable energy projects, electricity distribution and trading, and investments in network infrastructure, battery storage, and other green technologies. The company operates in 40 countries across five continents, leveraging synergies between its metallurgical and energy sectors while implementing significant energy infrastructure projects.
For more information, visit: www.mytilineos.gr | Facebook | Twitter | YouTube | LinkedIn
Disclaimer: Citigroup Global Markets Europe AG and Morgan Stanley & Co. International plc act solely as financial advisors to MYTILINEOS S.A. and no one else in relation to the transactions and matters described here. Neither Citigroup nor Morgan Stanley, nor any of their respective subsidiaries, branches, or affiliates, have any duty, obligation, or responsibility towards anyone other than MYTILINEOS S.A. in connection with any matters mentioned in this document. This announcement does not constitute or form a part of any offer for sale or solicitation of any offer to buy any securities issued by MYTILINEOS, and no part of it shall form the basis of, or be relied upon in connection with, any contract or commitment to purchase any securities issued by MYTILINEOS.
MYTILINEOS Energy & Metals is exploring strategic options, including the possibility of listing on an international stock exchange such as the London Stock Exchange. This move would provide increased liquidity for investors and align with MYTILINEOS’ expanding global presence. The company aims to continue generating growth and delivering value to its shareholders while remaining dedicated to contributing to the Greek economy.
In recent years, MYTILINEOS has experienced significant growth, achieving nearly fourfold revenue and profitability growth in the five years leading up to 2023. The strategic review aims to ensure that the company sustains its growth trajectory and remains aligned with its long-term strategic vision across all business segments. MYTILINEOS operates in 40 countries across five continents, leveraging synergies between its metallurgical and energy sectors.
In terms of market trends, the energy sector is undergoing a transition towards renewable energy sources and sustainable solutions. MYTILINEOS is well-positioned in this regard, as it offers comprehensive solutions encompassing thermal and renewable energy projects, electricity distribution and trading, and investments in network infrastructure, battery storage, and other green technologies. This focus on sustainability aligns with current market trends and positions the company for further growth in the renewable energy sector.
However, there are key challenges and controversies associated with the subject. One challenge is the increasing competition in the renewable energy market, as more companies enter the industry to take advantage of the growing demand for clean energy. MYTILINEOS will need to differentiate itself and maintain its competitive edge to succeed in this competitive landscape.
Another challenge is the regulatory environment, both in Greece and internationally. Regulatory changes and uncertainty can impact the profitability and viability of energy projects, and MYTILINEOS will need to navigate these challenges effectively to ensure its future growth.
Additionally, the decision to list on an international stock exchange has advantages and disadvantages. On one hand, it would provide increased liquidity and access to a larger pool of investors. This would enhance the company’s visibility and potentially result in a higher valuation. On the other hand, listing on an international stock exchange would also subject MYTILINEOS to the regulations and scrutiny of that exchange, which may pose additional compliance requirements and costs.
Overall, MYTILINEOS’ exploration of strategic options, including a possible international listing, reflects its commitment to growth and value creation. By leveraging its diverse footprint and focusing on sustainability, the company aims to capitalize on market trends and overcome challenges to continue delivering value to its shareholders.
For more information about MYTILINEOS, visit their official website: www.mytilineos.gr.