Greek industrial and energy conglomerate METLEN Energy & Metals Plc (MTLN) is signalling bigger international ambitions with its debut trading at the London Stock Exchange (LSE). It marks a notable milestone in its transformation into a global player. The listing follows the successful completion of a voluntary share exchange offer (SEO), which achieved over 90 per cent shareholder acceptance.
METLEN now owns a primary listing on the LSE, with a secondary listing on the Athens Exchange. Backed by a group of international and Greek advisers, including Morgan Stanley, Citigroup, Clifford Chance LLP, and EY LLP, the listing reflects METLEN’s strategic pivot to global capital markets. With MTLN’s debut trading, LSE marks their first-ever euro-denominated primary listing, thus highlighting their receptivity towards diverse currency vehicles amid post-Brexit capital market reforms.
According to METLEN’s Chairman & CEO, Evangelos Mytilineos, “Today marks a major step in METLEN's journey as a global energy & industrial force. Our listing on the London Stock Exchange reflects the scale and ambition of our energy and metals businesses.”
METLEN creates a global footprint with green metallurgy and energy innovation
METLEN, with 2024 consolidated revenues of 5.68 billion euros (USD 6.248 billion) and EBITDA of 1.08 billion euros (USD 1.19 billion), operates one of Europe’s only vertically integrated aluminium production chains. It involves everything from bauxite mining to finished aluminium, alongside growing investments in renewable energy, energy storage, and grid infrastructure. At present, the company’s portfolio spans more than 40 countries across five continents.
Metlen’s listing signifies the LSE’s post-Brexit reform moves
Metlen’s LSE debut comes at a juncture when LSE is strategically set to revive itself as a global listing center. With significant post-Brexit reforms aimed at attracting international and ESG-focused companies, LSE has made sincere efforts to align with rising investor demand for sustainable industrial assets.
Moreover, EU policies like the Green Deal Industrial Plan and carbon pricing expansion together have set up a ripe ground for low-emission metal production. This is a growing market for Metlen’s effort to scale and create a global footprint.
Metlen’s deliberate move to diversify capital access and signal eurozone confidence
METLEN’s dual listing is no less than a strategic platform to build up its global capital, increase its investor base, and drive deal-making capacity in global energy and metals markets. The euro-denominated primary listing also marks an experimental move to test the market appetite for multi-currency flexibility in UK exchanges. It indeed creates a potential precedent for other Eurozone firms.
Trends suggest that if METLEN scales its renewable portfolio and battery storage initiatives, the company will likely emerge as a serious bidder for upcoming cross-border green infrastructure projects. The LSE listing opens access to deeper pools of ESG capital and enhances transparency, which is a prerequisite for institutional participation.
However, METLEN, at present,needs to chalk out a disciplined execution to keep up with growth as well as volatility in commodity prices, evolving EU energy regulation, and global decarbonisation pressures. Its ability to maintain strong cash flows while pivoting into next-generation infrastructure will be the key factor in whether today’s listing translates into sustained shareholder value.
Also read: METLEN’s Chairman & CEO Evangelos Mytilineos re-elected as President of Eurometaux
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