For greater than a century, 116 years to be precise, the companies of the Mytileneos household and the next actions of Evangelos Mytileneos had been related with the surname “Mytileneos”.
In 1908, the then household enterprise in Piraeus began metallurgical actions. The roots of in the present day’s massive multinational group may be discovered in the beginning of the twentieth centuryucentury.
In Piraeus
Going again 116 years, Evangelos I. Mytilineos, grandfather of the present main shareholder, based the “Electrical Manufacturing unit of Metallurgy, Lamps and Field-making Gadgets” at 59-61 Gravias Road.
The then small metallurgy business was creating quickly as a household enterprise and in 1978 the then 24-year-old Evangelos Mytilinaios, having completed the Economics of the Athens Legislation Faculty and his grasp’s diploma on the LSE, determined to not proceed his educational profession (Ph.D. at Harvard) and to return to Greece for to take care of his father’s enterprise.
The enterprise has changed into an middleman firm, it’s loaded with debt, however Evangelos Mytilineos will get a job and progressively progresses to a manufacturing and advertising and marketing firm.
His rescue plan labored.
Within the inventory markets…
The historical past of Mytilineos is kind of identified.
In 1990 he created the “MYTILINEOS” group, bringing collectively all of the actions of the household enterprise and in 1995 it was listed on the Athens Inventory Trade.
In 2017, the mum or dad firm absorbed its then subsidiaries (Aluminium of Greece, METKA, Protergia) creating a big industrial and power Greek multinational, which multiplied its measurement, expanded its actions to all 5 continents and improved its credit standing.
Mr. Mytilineos had set the subsequent purpose which was the twin itemizing, i.e. the itemizing of the share in one other worldwide capital market.
In 2022, the brand new company transformation created Mytilineos – Vitality & Metals and turns it into an much more dynamic and versatile firm, oriented in the direction of the power transition and digital transformation tendencies, with sustainable growth and the round financial system as axes.
The brand new transformation created two enterprise Branches, the Vitality Department and the Metallurgy Department which might be fully related and complementary whereas permitting synergies that unlock a number of worth.
Now it’s prepared for the brand new bounce which is the itemizing on the London Inventory Trade.
Mytilineos with exercise in business and power presently has greater than 200 tasks in progress all around the planet. It has a presence and tasks in 40 international locations, whereas the turnover exceeds 6.3 billion euros using greater than 5,400 staff.
Identify
Now the time has come for yet one more step.
It would mark the brand new web page within the age-old enterprise.
On the annual basic assembly of shareholders 4her June among the many points to be authorised by the shareholders is the change of Mytilineos model.
The data says that the “Mytilineos” model that accompanied the historical past of the enterprise together with the course of the Greek financial system and the nation for 116 years will not exist.
A brand new model will probably be introduced signaling many extra adjustments at Mytilineos.
Presumably, because the president and CEO Mr. Evangelos Mytilineos himself had as soon as mentioned when saying the transition of his firm to a brand new monitor, the administration will probably be taken over by one other individual, who will assume the place of CEO.
Most probably, as different sources report, a strategic cooperation will observe.
The brand new model, which, as it’s in the marketplace, is not going to be related to Mr. Mytileneos will probably be identified on June 4. Then it isn’t excluded that he himself will give different particulars in regards to the new course of the corporate, particularly with regard to its shareholders and its administrative half.
Supply: ot.gr
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