BUSINESS

Mytilineos merges its subsidiaries

TAGS: Business, Industry

Athens-listed Mytilineos Group is entering a new era, as it announced on Wednesday that it is conducting an absorption-type merger of all its main subsidiaries (METKA, Aluminium of Greece and Protergia).

This constitutes a major group restructuring that will lead to the creation of one of the biggest and most profitable entities in Greece, securing a significant presence among global industrial giants and future in international markets.

The corporate transformation of Mytilineos, with a history dating back more than a century, will simplify the structure of the group, it announced, and lead to significant synergies both on an operational and a financial level.

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