Press
Release
|
Strategic Review
Announcement
|
Athens, Greece - April 25, 2024
NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
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.
For further information
please contact:
Ms. Antigoni Fakou: MYTILINEOS Press
Office, Tel. +30210-6877346 | Fax
+30210-6877400 | E-
mail: Antigoni.fakou@mytilineos.gr
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
