WOOD Flash – Mytilineos: new corporate structure
Yesterday (14 December), Mytilineos presented a new corporate structure, which is aiming at the improvement of competitiveness in all activities, as well as the crystallisation of the business units. In our view, the new structure should offer a more coherent approach between the two new core units, Energy and Metallurgy, achieving synergies and, thus, increasing the group’s competitiveness further. Despite the 12% rally since the beginning of the month, we continue to hold our positive conviction on the name, and keep Mytilineos as one of our top picks in our Greek universe.Mytilineos Holdings is an industrial group engaged in the sectors of Metallurgy, EPC, Energy, and Defence. Co. and its subsidiaries are engaged in three main operating business segments: Metallurgy, Constructions and Energy. Co. and its subsidiaries monitor its performance on Metallurgy and Mining Sector through the subsidiaries Aluminium S.A. (Alumina-Aluminium) and Sometra S.A. (Zinc-Lead). Co., through its subsidiary, METKA S.A., is an EPC Constructor in Greece.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
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