Poland's Grupa Kety rises on deal to buy extrusion firm METRA

Grupa Kety

15/09/2026 10:37

** Shares in Grupa Kety KTY.WA rise 9.7% after the Polish aluminium group signed a conditional agreement to buy METRA Group owner Fengari in its largest ever acquisition
** The shares top Europe's benchmark STOXX 600 index .STOXX and are on track for their strongest day since June 2020
** The enterprise value of METRA is set at €645 million ($744 million), with an expected equity value of up to €450 million
** Erste analyst Jakub Szkopek says the acquired assets may account for up to 25% of Kety Group’s EBITDA
** Trigon analyst David Sharma views the deal positively, but points to "typical risks associated with large M&A deals"
** METRA has nine manufacturing plants in Italy, Britain and Canada, with an annual aluminium extrusion capacity of about 145,000 tons, Grupa Kety says
** Grupa Kety signed a 2 billion zloty ($531 million) loan agreement with Bank Pekao PEO.WA to finance the acquisition
($1 = 3.7670 zlotys)
($1 = 0.8671 euros)

(Repoting by Emmanuelle Serres in Gdansk)
((Emmanuelle.serres@thomsonreuters.com))