MYTILINEOS is considering the possibility of listing its shares on an international stock exchange, including the London Stock Exchange, within the next 12-18 months.
As the company states in a related announcement, MYTILINEOS Energy & Metals, having consistently and repeatedly exceeded its medium-term and strategic goals, has begun a review and evaluation of its strategic options, in collaboration with its financial, legal and tax advisors , with the aim of continuous development and value creation for its shareholders.
As part of this comprehensive strategic review, MYTILINEOS will evaluate various organic and non-organic growth opportunities, its capital allocation model, its optimal balance sheet structure and the most suitable trading structure for its shares on an organized market ( listing structure).
MYTILINEOS is committed to further international development, leveraging its consolidated and geographically diversified presence and always relying on its Greek heritage, inventiveness and entrepreneurial spirit, in the context of a strong corporate governance environment.
In this context, MYTILINEOS is considering listing its shares on an international stock exchange, including the London Stock Exchange, within the next 12-18 months, taking into account its increasingly diversified and international geographic presence and aiming to increase its marketability share for the benefit of investors. Regardless of the outcome of this strategic evaluation, MYTILINEOS remains committed to its contribution to the Greek economy and society, with significant and robust operations in Greece, generating tax revenue and with the expectation of maintaining its presence on the Athens Stock Exchange, where MYTILINEOS has been listed since 1995.
MYTILINEOS has achieved a significant transformation during the last years, which is also highlighted by the revenues and profitability that have now increased to the levels of a major European company. MYTILINEOS seeks to further strengthen its already wide international scope as well as its already strong domestic position. This evaluation of its strategic options is intended to ensure that MYTILINEOS will maintain its growth trajectory, remaining fully aligned, in all business areas, with its long-term strategic vision, while maximizing the value created for shareholders.
Citigroup Global Markets Europe AG and Morgan Stanley & Co. International plc are acting as financial advisors to MYTILINEOS in the context of evaluating its strategic options.
Clifford Chance LLP acts as international legal counsel. Zepos & Giannopoulos acts as legal advisor under Greek law. EY is acting as international tax advisor, the statement concluded.
