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ATHENS, Greece, April 25, 2024 /PRNewswire/ -- Having
consistently outperformed its targets and strategic goals,
MYTILINEOS Energy & Metals ("MYTILINEOS") has initiated
a review and evaluation of its strategic options, in consultation
with its financial, legal and tax advisors, with a view to
continuing to deliver growth and value creation for
shareholders.
As part of this comprehensive strategic review, MYTILINEOS will
assess various organic and inorganic growth opportunities, its
capital allocation model, optimal balance sheet structure and
appropriate listing structure.
MYTILINEOS is committed to international growth, capitalizing on
its established geographically diverse footprint, always building
on its Greek heritage, ingenuity, and entrepreneurial spirit,
within a robust governance environment.
In this context, MYTILINEOS is considering a potential listing
on an international exchange, including the London Stock Exchange,
within the next 12-18 months, taking into consideration its
increasingly diversified geographical presence and aiming to offer
enhanced liquidity to its investors. Regardless of the outcome of
this strategic review, MYTILINEOS remains committed to its
contribution to the Greek economy and society, with robust
operations and tax revenue generation in Greece and an expectation to retain a listing
on the Athens Exchange, where MYTILINEOS has been listed since
1995.
MYTILINEOS has achieved a significant transformation over the
past years, showcased through revenue and profitability growing by
close to 4 times in the 5 years leading up to 2023. MYTILINEOS aims
to further strengthen its broad international reach as well as its
strong domestic position. The strategic review is intended to
ensure that MYTILINEOS maintains its growth trajectory and remains
fully aligned, across all business segments, to its long-term
strategic vision, while maximising value delivered to
shareholders.
Citigroup Global Markets Europe AG and Morgan Stanley & Co.
International plc are acting as financial advisors to MYTILINEOS in
its strategic review.
Clifford Chance LLP is acting as international legal
advisor.
Zepos & Yannopoulos is acting as legal advisor in relation
to Greek Law.
EY is acting as international tax advisor.
MYTILINEOS:
ΜYTILINEOS Energy & Metals is a multinational industrial and
energy company, a leader in the metallurgy and energy industries,
focused on sustainability and circular economy. The Company is
listed on the Athens Stock Exchange, with a consolidated turnover
and EBITDA of €5.492 billion and €1.014 billion, respectively.
MYTILINEOS is a reference point for competitive "green" metallurgy
at the European and global level, whilst operating the only
vertically integrated bauxite, alumina and primary aluminum
production unit in the European Union (E.U.) with privately owned
port facilities. In the energy sector, MYTILINEOS offers
comprehensive solutions, covering thermal and renewable energy
projects, electricity distribution and trading, alongside
investments in grid infrastructure, battery storage, and other
green technologies. The Company is active in the markets of all
five continents, in 40 countries, adopting a full-scale synergetic
model between the Metallurgy and Energy Sectors, while undertaking
end-to-end development of major energy infrastructure projects.
For more information, please visit:
www.mytilineos.gr |
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Disclaimer: Citigroup Global Markets Europe AG ("Citi"),
which is regulated by the European Central Bank and the German
Federal Financial Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht – BaFin), and Morgan Stanley &
Co. International plc, which is authorised by the Prudential
Regulation Authority ("PRA") and regulated by the PRA and the
Financial Conduct Authority ("FCA"), are acting as financial
advisers to MYTILINEOS S.A. and no one else in connection with the
transaction and the matters described herein, and shall not be
responsible to anyone other than MYTILINEOS S.A. for providing the
protections afforded to clients of Citi or Morgan Stanley,
respectively, or for providing advice in connection with any matter
referred to herein. Neither Citi nor Morgan Stanley, nor any of
their respectives subsidiaries, branches or affiliates owes or
accepts any duty, liability or responsibility whatsoever (whether
direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Citi or Morgan
Stanley, as applicable, in connection with any matter referred to
herein.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER
FOR SALE OR SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES ISSUED
BY MYTILINEOS NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR
BE RELIED ON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT TO
PURCHASE SECURITIES ISSUED BY MYTILINEOS
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