Mr. Evangelos Mytilineos, Chairman and CEO of METLEN, was a guest on CNBC’s morning show Europe Early Edition, hosted by journalist Silvia Amaro. During the interview, he outlined the company’s strategic outlook, focusing on three key areas: the development of METLEN’s defense activities, the company’s listing process on the London Stock Exchange, and the shifting geopolitical landscape surrounding the supply chain of critical metals.
Regarding the defense industry, he stated: “We have been in the defence business for more than 25 years and we have very advanced technologically establishments in Greece, producing for major companies around the world.” Mr. Mytilineos mentioned that METLEN is proceeding with the construction of three new factories around its two existing sites, creating a defense hub that will support Europe’s ReArm efforts in the coming months and years. He added that the European Union is discussing an initial plan worth €100 billion, and there are indications that a total of €150 billion could be made available for defense purposes. “We still don’t know how these funds will be allocated, nor what kind of cooperations will emerge”, Mr. Mytilineos said.
On METLEN’s planned IPO in London, he commented: “When we announced our plans back in December 2024 we said that the time limit would be 12-18 months. I think our plans are moving forward quite fast, a little faster than we anticipated. So if you ask my prediction now, and with relatively calm international markets, I think Q3 of 2025.”
Finally, Mr. Mytilineos addressed geopolitical developments and the global reliance on China, stating that he is not optimistic about the tariffs front, nor about the state of the US-EU alliance. “We are seeing diverging views and priorities, particularly in the approach to Ukraine. For the first time since World War II, we are witnessing a ‘split’ Western world” he underlined.
