Mytilineos Holdings

European Union authorities should place a ceiling on energy prices for energy-consuming industries each time prices skyrocket and cover the cost from EU funds or member-states, Εvangelos Mytilineos, president of Eurometaux and CEO/chairman of Mytilineos Energy & Metals, said in an interview with Politico.

Greece's Court of Audit has given the go-ahead for the construction of a new stadium for Athens soccer club Panathinaikos.

The ties between the business world and Greek universities are being strengthened by the participation of CEOs and presidents of large companies operating in Greece in the advisory board of the postgraduate program in business administration of the University of Athens.

Mytilineos on Monday announced the acquisition of a 15% equity stake in Clara Energy's Rosedale Green Hydrogen project in Australia.

A Mytilineos SA general shareholders' meeting on Monday approved a board plan to raise the price ceiling of a share buyback program from 25 to 40 euros and create a special reserve up to €20 million euros to cover the company's participation in investments included in the development law.

The Greek economy is "in an especially good position," local banks are "extremely well capitalized" and the country's debt will be upgraded to investment grade a few months after the elections.

Mytilineos on Thursday announced the signing of a contract for the development of an open-cycle gas turbine (OCGT) power plant project in Immingham, North Lincolnshire in England, for VPI Immingham-B LLP (VPI-B), a non-consolidated group entity of Vitol.

The contract signed by Mytilineos consists of the engineering, procurement and construction (EPC) of a 299-megawatt OCGT plant.

Greece is becoming a gateway for LNG to the rest of the world, Evangelos Mytilineos, chairman and CEO of the Athens-listed Mytilineos Group, said on Monday during an interview with CNBC.

Non-bank blue chips outperformed on Friday at the Greek stock market to take the benchmark to yet another eight-year high, with the wave of stock buying that started in late December continuing unabated. In these first four weeks of the year the main index has added just under 10%.

Athens-listed group Mytilineos said on Thursday its profit, turnover and dividend more than doubled while its debt declined and investments increased in 2022.

More specifically, net profit after minorities increased by 187% to 466 million euros from €162 million in 2021.

Respectively, earnings per share came in at €3.41, an increase of 186% compared to 2021.