Greece's Mytilineos plans London dual listing (updated)

Metlen Energy & Metals SA

27/05/2024 13:38

(Adds manager's quotes, M&A deals being explored)
       MILAN, May 27 (Reuters) - Greek industrial and energy
group Mytilineos  MYTr.AT  plans a dual listing on the London
Stock Exchange and will invest 3.3 billion euros ($3.58 billion)
in renewables projects in Italy over the next four years, a top
executive said on Monday.
        Chief Executive Director Yiannis Kalafatas told a
company event in Milan that the group has hired Morgan Stanley
and Citi as advisors for the London listing. Mytilineos had said
last month that it was considering to list on the London Stock
Exchange or another international exchange within the next 12-18
months.
    Kalafatas also said the group is on the hunt for large M&A
deals. 
    "We are looking (at) M&A (deals) with integrated utility
companies that have a customer base. We would like to enter
(with) something big," Kalafatas said, adding the company was
not yet in a position to make any announcements.
        Mytilineos is due to change its name and will announce
the new name next week.

($1 = 0.9208 euros)

 (Reporting by Giancarlo Navach, writing by Matteo Negri,
editing by Alvise Armellini and Susan Fenton)
 ((Matteo.Negri@thomsonreuters.com;))