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Greece's Mytilineos plans London dual listing
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Greece's Mytilineos plans London dual listing
May 27, 2024 5:54 AM

MILAN, May 27 (Reuters) - Greek industrial and energy

group Mytilineos 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 ( MS )

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)

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