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GreeceBusinessMytilineos says shareholders pressuring for company's headquarters transfer abroad

Mytilineos says shareholders pressuring for company’s headquarters transfer abroad

Hellenic News of America
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Major shareholders are pressuring for the transfer of the group’s headquarters abroad in order to further boost the company’s valuation, Evangelos Mytilineos, chairman and CEO of Mytilineos said on Thursday.

Addressing a general shareholders’ meeting, Mytilineos said: “This is a sensitive issue in a politically sensitive period. I do not want to create any problem to anyone, a few days ahead of the elections, as whatever answer I might give could be an object of exploitation. I will give my answer on July 27 after the release of the group’s six-month results.”

He said that if Greece obtained the investment grade – somewhere this year – this could mean a huge investment capital inflow in the country. “The investment grade is something great but there is something even more important which is putting Greece among the developed markets. Greece is the only market in the Eurozone, if not in the EU, to be considered a developing market,” Mytilineos added.

Referring to the company’s outlook this year, Mytilineos said it could easily break the 1.0 billion euros EBITDA level, while commenting on the 1.16-billion-euros investment in Canada he said this would open a huge market.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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