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Checkmate move: Metlen acquires aluminum company in France with nuclear energy involvement - Management to feature Gavalas and Ioannou

Checkmate move: Metlen acquires aluminum company in France with nuclear energy involvement - Management to feature Gavalas and Ioannou
Surprises are coming: Metlen acquires an aluminum company in France with involvement in nuclear energy.
The Metlen group (Mytilineos group) remains consistently in the spotlight. Due to the group's size, it is the 8th largest on the Athens Stock Exchange with a market capitalization of €6.3 billion, or €44 per share. It should be noted that the stock did not break the barrier of the €40 short positions, a positive development for the share. Banking News has reported that the fair price for Metlen stock is between €45 and €46.5. Simultaneously, on the FTSE 100 in London, Metlen is positioned at 76, up from 80, a position it had reached due to the pressure exerted by short funds such as Marshall and Millennium. Metlen is a large, clean company that hides no skeletons; it is a well-managed company that went through a minor ordeal, but everything is now over.

Surprises are coming: Metlen acquires an aluminum company in France with involvement in nuclear energy

The Metlen group, according to a reliable source, is in negotiations to acquire an aluminum company based in France. Metlen already has extensive expertise in aluminum. However, the French company is also active in nuclear energy, and this would be the Metlen group's first move into nuclear energy. This is a major deal with enormous ramifications.

Management with Gavalas and Foteini Ioannou

On Thursday, November 6, 2025, Metlen will announce its new corporate transformation, which will be an internal affair. The two individuals being internally upgraded will be Gavalas, who will be appointed as the Deputy CEO of Metlen, and Foteini Ioannou, a former executive of the National Bank of Greece, who will take over the financial and other activities of the Metlen group. Evangelos Mytilineos remains the CEO of the Metlen group.

www.bankingnews.gr

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