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MYTILINEOS SA UNSP/ADR (symbol: MYTHY) is a multinational industrial and energy company, recently rebranded as Metlen Energy & Metals (Metlen). The company, listed on the Athens Stock Exchange, excels in the metallurgy and energy sectors with a strong focus on sustainability and the circular economy. With a turnover of €5.492 billion and an EBITDA of €1.014 billion, Metlen stands out as a leader in green metallurgy in Europe and globally. Operating the only vertically integrated bauxite, alumina, and primary aluminum production unit in the EU, the company also engages in thermal and renewable energy projects, electricity distribution, trading, and investments in green technologies worldwide. Committed to developing major energy infrastructure projects, Metlen operates in 40 countries across all five continents, integrating the metallurgy and energy sectors synergistically to deliver comprehensive solutions.
METLEN Energy & Metals SA (ATHX: MYTIL) has initiated the process for a primary listing on the London Stock Exchange, planned for 2025. The company has filed a draft listing prospectus with the UK's Financial Conduct Authority for review, following a strategic review announced in April. The listing will be executed through METLEN Energy & Metals , a newly established UK company that would become the group's ultimate parent company.
While maintaining a secondary listing on the Athens Stock Exchange, this move reflects METLEN's expanding global presence and aims to enhance shareholder liquidity. The decision follows similar precedents in the Greek market and aligns with the company's strategy for continued growth and value creation.
Westbridge Renewable has closed the sale of its 75% owned, 332MWp Sunnynook Solar Project in Alberta to METLEN Energy & Metals. The transaction, completed through the sale of Sunnynook Solar Energy Inc. shares, yielded C$41,440,385 at closing, representing 92% of the estimated purchase price, with the remaining balance due upon commercial operations. Westbridge repaid C$18,405,650 in loan facilities from the proceeds. The company retains ownership of three other Alberta subsidiaries also under share purchase agreements with METLEN. The Sunnynook project, when completed, is expected to power over 50,000 Alberta homes.
METLEN Energy & Metals, formerly MYTILINEOS Energy & Metals, sponsored a spectacular lighting event for the Temple of Poseidon at Sounion on September 16, 2024. The event, attended by Prime Minister Kyriakos Mitsotakis and Minister of Culture Lina Mendoni, showcased the fusion of ancient heritage and modern art. Internationally acclaimed lighting designer Eleftheria Deko oversaw the project, which presented the monument's historical and architectural significance in a unique way. The evening concluded with a concert by composer Stavros Xarchakos, featuring the ERT Contemporary Music Orchestra and top artists.
METLEN Energy & Metals, listed on the Athens Stock Exchange (MYTHY), reported a consolidated turnover of €5.492 billion and EBITDA of €1.014 billion. The company is a leader in green metallurgy and energy solutions, operating in 40 countries across five continents.
Metlen Energy & Metals, formerly known as MYTILINEOS Energy & Metals, has unveiled a new corporate brand and image, emphasizing growth, innovation, and its global presence. This evolution was announced at the Annual General Meeting on June 4, 2024. The company, led by Chairman and CEO Evangelos Mytilineos, highlighted their commitment to reaching unprecedented heights for a Greek company. Metlen reported a consolidated turnover of €5.492 billion and EBITDA of €1.014 billion. The company is renowned for its integrated bauxite, alumina, and primary aluminum production and extensive involvement in thermal and renewable energy projects.
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