Metlen Confirms Plans for London Stock Exchange Listing by Q1 2025
Metlen has reiterated its intention to complete the process of entering the London Stock Exchange by the first quarter of 2025, according to a source from the company who spoke to Bloomberg. Specifically, the company, which is already listed on the Athens Stock Exchange, plans to submit an application for its listing in London by the end of the current year, as reported by the news agency citing the same source. Discussions are ongoing, and no final decision has been made, with Metlen declining to comment on the potential timeline, as conveyed by Bloomberg.
This move by Metlen could enhance London’s position in the financial landscape, especially as strong groups have shifted to New York in recent years, the agency notes.
Company Presence and Future Plans
In April, Metlen announced that it was considering a listing on an international exchange, including the London Stock Exchange, within the next 12 to 18 months, given its increasingly diversified geographical presence. The company plans to maintain its presence on the Athens Stock Exchange, where it has been listed since 1995.
Citi and Morgan Stanley are serving as financial advisors for Metlen’s strategic review. The company’s president and CEO, Evangelos Mytilineos, is also the chairman of Eurometaux, the European association for non-ferrous metals.
In June, shareholders approved the change of the company’s corporate name to Metlen from “Mytilineos” to better reflect its activities in light of a potential foreign listing. Highlighting the significance of the upcoming London listing, Evangelos Mytilineos commented in a recent feature for the Sunday Times. When asked by a journalist about the choice of the LSE during a period when the exchange is not at its peak, Mytilineos responded, “The question is: do you believe in London as a financial center or not? I do. Do you believe that the City of London has seen the worst after Brexit? Yes, I believe so. Do you think that our presence there, METLEN, along with other companies, will help the LSE regain its former glory? Yes, I believe so!”
