Greek industrial group Metlen Energy & Metals PLC said it will separate its concessions and public-private partnership (PPP) business into a wholly-owned subsidiary, M Concessions Single-Member S.A.
The board of directors approved the draft demerger agreement on August 7, with the agreement registered in Greece’s General Commercial Registry on Sunday. The financial statement for the contributed business sector was prepared as of December 31, 2025, while transactions conducted between January 1, 2026 and the completion date will be treated as part of Metlen Energy & Metals Single-Member S.A. for accounting and tax purposes.
M Concessions will receive a capital increase of €105.06 million, funded through the issuance of 105.06 million new registered ordinary shares at a nominal value of €1.00 each. All new shares will be allocated to Metlen Energy & Metals Single-Member S.A., its parent entity.
The demerger encompasses the full scope of Metlen’s concessions and PPP operations, including commercial activities, assets, liabilities, contractual rights, ongoing tender participations, personnel, equipment, and related tangible, intangible, and financial assets. The transaction is structured under Greek Law 4601/2019 and the tax provisions of Law 5162/2024.
The general meeting of shareholders of Metlen Energy & Metals Single-Member S.A. is expected to vote on the demerger by September 30, 2026.
