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MYTILINEOS Acquires Aluminium of Greece, Launches CHP Plant and Invests in Bauxite Residue Management

STRATEGIC MINERALS

MYTILINEOS HOLDINGS S.A. has completed the merger by absorption of ALUMINIUM OF GREECE S.A., leading to the delisting of the latter's shares from the Athens Exchange. As part of the restructuring, the metallurgy branch is transferred to ALUMINIUM S.A., and Delphi-Distomon becomes a subsidiary of MYTILINEOS.

Additionally, an investment of around €12 million has been made in technology for managing bauxite residues, including four filter presses, achieving the goal of disposing all bauxite residues on land. A new Combined Heat and Power (CHP) plant has also commenced operations at the ALUMINIUM industrial complex, which will supply steam to alumina and aluminium processing plants, reducing the reliance on 150,000 tons of fuel oil.

MYTILINEOS Acquires Aluminium of Greece, Launches CHP Plant and Invests in Bauxite Residue Management
Feb 2, 2026, 5:34 PM

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