REG - Metlen Energy&Metals - METLEN and METKA participate in the BOAK Project

Metlen Energy & MetalsAnnouncement

05/02/2026 08:00

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RNS Number : 8613R  Metlen Energy & Metals PLC  05 February 2026

PRESS RELEASE

Participation of METLEN and its Construction Arm METKA in the BOAK Concession
Project (Chania-Heraklion Section)

Athens, Greece / London, United Kingdom - February 5(th), 2026 - METLEN
(http://www.metlengroup.com/)  announces that it has agreed to participate in
the Concessionaire DIKTAION PARACHORISEIS Single-Member S.A. (until now wholly
owned by GEK TERNA S.A.) for the "Northern Road Axis of Crete (ΒΟΑΚ) -
Chania - Heraklion Section" project, as well as to participate, through its
wholly owned subsidiary METKA ATE, in the Design-Construction Main
Subcontractor structure.

In line with the procedure set out in the Concession Agreement:

·     METLEN will acquire a 24% stake in the share capital of the
Concessionaire DIKTAION PARACHORISEIS S.A., thereby actively participating in
the implementation of one of the country's largest infrastructure projects.

·    At the same time, the Company will acquire a 24% stake in DIKTAION
OPERATION S.A., the entity responsible for the operation and maintenance of
the project.

·    METKA ATE, as METLEN's construction arm, will participate with a 30%
stake in the new Construction Joint Venture (together with TERNA and AKTOR
ATE), which will replace the original Contractor as the Design-Construction
Main Subcontractor.

METKA ATE brings extensive experience in large-scale engineering projects and
specialized expertise in transport infrastructure, significantly enhancing the
consortium's overall delivery capabilities.

Evangelos Chrysafis, Executive Vice Chairman of METLEN & Chairman of METKA
ATE, stated: "METKA ATE's participation in the BOAK project is a strategically
important initiative, as it concerns a major national-scale development that
will substantially upgrade transport infrastructure and road safety across
Crete. We are committed to contributing actively to the timely completion of
the project, always in line with the high standards of quality and reliability
that characterize all METKA projects."

The Northern Road Axis of Crete is one of the largest development projects
currently underway in Greece, of major importance for road safety, intercity
connectivity, and regional development. The total length of the
Heraklion-Chania-Kissamos section is 187 km. The project budget amounts to
€2 billion, while the concession period is 35 years, the first five of which
correspond to the design and construction phase. The construction share
exceeds €700 million, while the 24% stake in both the concession, as well as
in the operation and maintenance of the project, is also worth several
million.

Notes to editors:

Official photo material of METLEN and its activities can be found here
(https://www.metlengroup.com/photo-gallery?category=press-kit) .

 

For further information please contact:

Ms. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax
+30210-6877400 | E-mail: Antigoni.fakou@metlengroup.com
(mailto:Antigoni.fakou@metlengroup.com)

 

About METLEN:

METLEN Energy & Metals Plc (METLEN) is the parent company of the
international industrial and energy group, a leader in the metallurgy and
energy sectors, focused on sustainable growth and the circular economy. METLEN
is a benchmark in competitive "green" metallurgy at both European and global
level, operating the only fully integrated bauxite, alumina and primary
aluminium production plant in the European Union, with privately owned port
facilities. In the energy sector, the Company provides integrated solutions
through the implementation of thermal and renewable power generation projects,
electricity distribution and supply, as well as investments in network
infrastructure, battery storage and other green technologies. METLEN operates
across five continents and in more than 40 countries, employing over 9,000
people worldwide and applying a fully synergistic model across its metallurgy,
energy and end-to-end energy project development activities.

METLEN Financial Highlights

The Company has its primary listing on the London Stock Exchange and secondary
listed on the Athens Stock Exchange and is a constituent of the FTSE 100
Index. In 2024, METLEN reported consolidated revenue of €5.68 billion and
EBITDA of €1.08 billion, up 7% year-on-year, with net profit of €615
million. Adjusted net debt stood at €1.78 billion, with a Net Debt/EBITDA
ratio of 1.7x, reflecting strong financial resilience. METLEN is rated by
leading international sustainability and ESG agencies, holding the unique
Greek position in the Dow Jones Best-in-Class Emerging Market index, and
distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate
Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis,
Bloomberg and IdealRatings.

www.metlengroup.com (http://www.metlengroup.com/) | Facebook
(https://www.facebook.com/metlengroup) | X (https://x.com/MetlenSA) | YouTube
(https://www.youtube.com/@MetlenGroup) | LinkedIn
(https://www.linkedin.com/company/metlengroup)

 

 

 

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