Metlen Energy & Metals PLC said on Sunday it will demerge its concessions and public-private partnership (PPP) business into a new wholly-owned subsidiary, M Concessions Single-Member S.A., in a transaction valued at €105.06 million.
The demerger, approved by Metlen Energy & Metals’ board on August 7, involves the transfer of all business activities, assets, liabilities, rights, and obligations related to concession and PPP projects. This includes project company participations, contractual rights, ongoing tender bids, personnel, equipment, and associated tangible, intangible, and financial assets.
M Concessions’ share capital will increase by €105,064,218 through the issuance of 105,064,218 new ordinary registered shares with a nominal value of €1.00 each. All shares will be allocated to Metlen Energy & Metals Single-Member S.A., the parent entity.
The contributed business sector’s accounting statement was prepared as of December 31, 2025, with transactions conducted from January 1, 2026 until demerger completion treated as those of Metlen Energy & Metals for accounting and tax purposes under Greece’s Law 4601/2019 and tax provisions of Law 5162/2024.
Compass Certified Auditors and Business Consultants P.C. was appointed to prepare the valuation report for the transferred assets. The general assembly of Metlen Energy & Metals Single-Member S.A. is expected to approve the demerger by September 30, 2026.
