Metlen PLC Triumphs with Successful Tender Offer for Metlen S.A.
Deal News | Jul 30, 2025 | PR Newswire Cision METLEN Energy & Metals
Metlen PLC has successfully completed its voluntary public tender offer for acquiring the registered ordinary shares of Metlen S.A. The announcement, made on July 30, 2025, indicates that 90.16% of Metlen S.A.'s share capital and voting rights have been validly tendered, meeting the prerequisite for acquisition. Shares of Metlen PLC are set to begin trading on the London Stock Exchange and the Athens Stock Exchange on August 4, 2025. The tender offer exchange ratio consists of one new euro-denominated ordinary share of Metlen PLC for each Metlen S.A. share. Though this development is promising, Metlen PLC cautions there are forward-looking risks related to its plans and objectives for integrating Metlen S.A. into its portfolio. These exchanges will not involve U.S., Canada, Australia, Japan or any other jurisdiction where such an offering would violate local laws.
Sectors
- Energy & Metals
- Private Equity
Geography
- Greece – Metlen S.A. is based in Greece, and the transaction adheres to Greek law.
- United Kingdom – Metlen PLC will start trading on the London Stock Exchange, marking significant activity within the UK.
Industry
- Energy & Metals – This sector is relevant as Metlen PLC is positioned in energy and metals, focusing on the acquisition of Metlen S.A. to consolidate its industry standing.
- Private Equity – Metlen PLC employs financial strategies typical of private equity in executing its tender offer for share acquisition.
Financials
- €0.97 per share – The nominal value of each Metlen S.A. share involved in the tender offer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Metlen PLC | Bidding Company | Company | Metlen Energy & Metals PLC is executing a takeover of Metlen S.A., representing the bidder in the transaction. |
| Metlen S.A. | Target Company | Company | Metlen Energy & Metals S.A. is the target company whose shares are being acquired by Metlen PLC. |
| Evangelos Mytilineos | Selling Company | Person | Evangelos Mytilineos, along with affiliates, holds a significant portion of Metlen S.A. shares being sold. |
| Leda Condoyanni | Company Secretary | Person | Responsible for the dissemination of the official announcement on behalf of Metlen PLC. |