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METLEN
Interest in UK's retail electricity market
Speaking to the Telegraph, Metlen CEO Evangelos Mytilineos revealed his strategy to join the UK retail energy market.
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Evangelos Mytilineos, Chairman and CEO, MYTILINEOS’ Energy & Metals

Evangelos Mytilineos unveiled his plan to enter the UK retail energy market, speaking to the Telegraph. In an interview with the British newspaper, Mytilineos expressed his hope to make a number of deals upon joining the British stock exchange to enter the market.

As underlined in the article of the British newspaper, the Greek businessman is planning a series of quick deals in the next period, aiming to compete with similar British companies, while he reserved warm words for the English companies Octopus and Ovo, which are active in the market.

"I admire Octopus and I really admire the way it has evolved. They've done a great job... And we love the competition. We love a challenge," While the Telegraph portrays Metlen to the British public as a diverse group of companies involved in metals, energy, and construction and already having a significant presence in the Greek supply market, Mytilineos noted.

As the British newspaper points out, the company, which was renamed in the past few days in preparation for a listing on the London Stock Exchange, with a potential valuation of up to £5 billion, has built solar farms in the UK and is developing infrastructure for the National Grid, including high-voltage lines, and the flagship Eastern Green Link 1 project.

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