Athens, Greece (ots/PRNewswire) – NOT FOR DIRECT OR INDIRECT RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, TO OR FROM ANY JURISDICTION WHERE THIS WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
After MYTILINEOS Energy & Metals (“MYTHILINEOS“) has consistently exceeded its targets and strategic objectives, the company, in consultation with its financial, legal and tax advisors, has initiated a review and assessment of its strategic options in order to continue to achieve growth and value creation for shareholders.
As part of this comprehensive strategic control, MYTILINEOS will evaluate various organic and inorganic growth opportunities, the capital allocation model, the optimal balance sheet structure and the appropriate listing structure.
MYTILINEOS is committed to international growth by leveraging its established geographical presence, always building on its Greek heritage, ingenuity and entrepreneurial spirit within a solid governance environment.
In this context, MYTILINEOS is considering a possible listing on an international stock exchange, including the London Stock Exchange, within the next 12-18 months, taking into account its increasingly diversified geographical presence and with the aim of providing its investors with improved liquidity. Regardless of the outcome of this strategic control, MYTILINEOS remains committed to its contribution to the Greek economy and society, with robust operations and tax revenue generation in Greece and the expectation of maintaining a listing on the Athens Stock Exchange, where MYTILINEOS has been listed since 1995.
MYTILINEOS has undergone significant transformation in recent years, reflected in revenue and profitability growth of almost fourfold in the five years to 2023. MYTILINEOS is committed to further strengthening its broad international reach as well as its strong domestic position. Strategic control is intended to ensure that MYTILINEOS maintains its growth trajectory and remains fully aligned with its long-term strategic vision across all business areas, while maximizing value for shareholders.
Citigroup Global Markets Europe AG and Morgan Stanley & Co. International plc are acting as financial advisors to MYTILINEOS on strategic control.
Clifford Chance LLP is acting as international legal counsel.
Zepos & Yannopoulos acts as legal advisor regarding Greek law.
EY acts as an international tax advisor.
MYTHILINEOS:
ΜYTILINEOS Energy & Metals is a multinational industrial and energy company, a leader in the metallurgical and energy sectors, focused on sustainability and circular economy. The company is listed on the Athens Stock Exchange and has consolidated revenue and EBITDA of €5.492 billion and €1.014 billion, respectively. MYTILINEOS is a reference point for competitive “green” metallurgy at European and global levels, operating the only vertically integrated bauxite, alumina and primary aluminum production unit in the European Union (EU) with privately owned port facilities. In the energy sector, MYTILINEOS offers comprehensive solutions, which include thermal and renewable energy projects, electricity distribution and trading, and investments in grid infrastructure, battery storage and other green technologies. The company operates in markets on all five continents and in 40 countries, applying a comprehensive synergy model between the metallurgy and energy sectors and handles the development of large energy infrastructure projects from start to finish.
For more information, visit: www.mytilineos.gr | Facebook | Twitter | YouTube | LinkedIn
Disclaimer : Citigroup Global Markets Europe AG (“Citi”), which is subject to supervision by the European Central Bank and the Federal Financial Supervisory Authority (BaFin), and Morgan Stanley & Co. International plc, which is authorized by the Prudential Regulation Authority (“PRA”) and regulated by the PRA and the Financial Conduct Authority (“FCA”) are acting as financial advisors to MYTILINEOS SA and no one else in connection with the transaction and the matters described herein and are not responsible to anyone other than MYTILINEOS SA for providing the protection provided to clients of Citi or Morgan Stanley, or for the provision of advice in connection with the matters referred to herein, neither Citi nor Morgan Stanley nor any of their respective subsidiaries, subsidiaries or affiliates shall owe or accept any obligation, liability or liability liability (whether direct or indirect, whether in contract, tort, statute or otherwise) to any person who is not a client of Citi or Morgan Stanley in connection with any matter referred to herein.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION TO PURCHASE ANY SECURITIES FROM MYTILINEOS, NOR DOES IT OR ANY PART THEREOF BE THE BASIS OF ANY AGREEMENT OR OBLIGATION TO PURCHASE ANY SECURITIES FROM MYTILINEOS OR SHALL BE USED AS RELIABLE INFORMATION IN THIS CONTEXT
Logo:
View original content:
Questions & Contact:
Frau Antigoni Fakou: MYTILINEOS-Pressestelle,
Tel. +30210-6877346 | Fax +30210-6877400 | E-Mail: [email protected]
https://www.worldysnews.com/control-strategic-control-mytilineos-energy-metals-april-26-2024-2024-04-29-002645/
Out with the Old, In with the New: The Hottest Mall Restaurants to Try Now
New Dining Trends in U.S. Malls
Are you craving a unique dining experience at your local mall? U.S. malls are undergoing a transformation, embracing sushi conveyor belts, craft-beer clubs, and Korean barbecue to replace traditional fast-food options.
The Evolution of Mall Dining
Over the past few decades, malls have evolved into the heart of American communities. However, factors like the pandemic, online shopping trends, and the departure of anchor stores have reshaped the mall landscape. Familiar chains such as Ruby Tuesday, Chili’s, and Applebee’s have made way for a new wave of smaller, regional restaurant brands catering to diverse tastes.
Diverse Culinary Offerings
Landlords are now looking to emerging restaurant concepts like Lazy Dog, Gen Korean BBQ, and Postino Wine Café to attract mall-goers. Innovative “eatertainment” venues such as Puttshack and Topgolf are also gaining popularity, offering interactive experiences that keep visitors engaged. Kura Revolving Sushi Bar, with its robotic servers and interactive dining experience, is a prime example of this trend.
Moreover, drive-thru locations are becoming a priority for many national chains, shifting focus from traditional sit-down restaurants in malls. This strategic move aims to capitalize on the profitability and efficiency of drive-thru models.
Enhancing Mall Visits
Food and entertainment options are now key drivers of foot traffic in malls, replacing the traditional draw of department stores. The allocation of mall space dedicated to food has increased significantly, reflecting the growing importance of dining experiences in the mall environment.
Mark Hunter, a managing director at CBRE, emphasizes the role of food and beverage as a new anchor for malls, filling the void left by departing department stores. This shift underscores the evolving preferences of consumers and the need for malls to adapt to changing trends.
The Rise of Drive-Thrus
Many popular quick-service restaurants like McDonald’s and Chick-fil-A have shuttered their mall locations in favor of drive-thru formats. The convenience and profitability of drive-thru operations have led to a surge in drive-thru sales, signaling a shift in consumer dining habits.
Gen Korean BBQ represents a new wave of dining establishments entering malls, offering unique culinary experiences beyond traditional fast-food options. With plans for expansion, these innovative restaurants are reshaping the mall dining landscape and attracting a diverse customer base.
As malls adapt to these changing trends, the future of mall dining remains uncertain. While the loss of anchor eateries poses a challenge, the emergence of new dining concepts signals a shift towards a more diverse and engaging mall experience.
Related
Out with the Old, In with the New: The Hottest Mall Restaurants to Try Now
Elon Musk Makes Surprise Trip to China Amidst Tesla Challenges
- No Comments
BEIJING, April 28 — Elon Musk, owner of electric vehicle (EV) maker Tesla, quietly boarded a private plane to Beijing in China after canceling a scheduled trip to meet the Indian Prime Minister, sources said.
The news source revealed that Musk went to China, Tesla’s second largest EV market, hoping to meet with senior Chinese officials to discuss the Full-Self-Driving (FSD) software that Tesla has been introducing for 4 years but could not launch in China so far even though customers in China demand it. and to request permission to transfer all data collected in China since 2021 to foreign countries for use in developing algorithms for Tesla’s self-driving technology.
This trip to China was hidden from the news. And it came after Musk canceled a scheduled meeting with Prime Minister Narendra. India’s Modi to be held on April 21, citing “busy work at Tesla” Tesla has sold more than 1.7 million vehicles in China since entering the Chinese market a decade ago. With a factory in Shanghai, it is a factory for the world market. And this month, Tesla announced it would lay off 10 percent of its global workforce. Because sales are falling and facing severe price-cutting competition from Chinese EV rivals.-814.-Thai News Agency
See more news
Related news
#Elon #Musk #sneaks #China #canceling #trip #India #MCOT #Thai #News #Agency
Related
Comments
Trending
Elon Musk Makes Surprise Trip to China Amidst Tesla Challenges