METLEN Energy & Metals will apply for a listing on the London Stock Exchange by the end of the year and this will likely be completed by the second quarter of 2025, said the company’s chairman and CEO Evangelos Mytilineos.
Referring to energy prices, he said that they have remained high for more than three years across Europe, remembering that the reason for this is the price of natural gas, which has almost tripled compared to 2021. He highlighted that this is a quite complex problem, as there was also a lot of energy coming from Renewable Energy Sources (RES) but without the necessary investments in networks, putting pressure on competition in relation to the USA and China.
The Draghi plan is “very ambitious”
Asked about the recent Draghi Report on energy, he highlighted that “what is proposed is great for Europe and the United Kingdom, but on the other hand, the EU is not yet prepared to implement these types of measures because it has not yet progressed towards a union policy. Therefore, proposals like Draghi’s are impractical or will take several years to implement”, noting that he considers Draghi’s plan, in general, “very ambitious” and that he is not very optimistic about its implementation.
Organic growth and acquisitions
Responding to a question about the company’s growth prospects, he highlighted that METLEN has already doubled its size in recent years, based mainly on organic growth (over a total of 20 years) and the objective is to continue to do so in the next period, both in the same way and through acquisitions. The company is fully healthy and is looking for growth opportunities in Europe, Mytilineos added.
