Viohalco’s Sale of 25 Million ElvalHalcor S.A. Shares

In UK Milbank LLP, advised on the matter.

Milbank LLP advised Viohalco S.A. with a team including Apostolos Gkoutzinis (Picture – Equity Capital Markets), Randy Nahlé (Equity Capital Markets).

Viohalco S.A. (“Viohalco”) announced its sale of 25 million shares (equivalent to 6.66%) of the share capital of its subsidiary, ElvalHalcor S.A. (“ElvalHalcor”), for an aggregate amount of €50 million. The sale was performed by means of an accelerated bookbuild offering to international and Greek institutional investors. Immediately following settlement of the transaction, Viohalco will hold 84.78% of ElvalHalcor’s total share capital. 

Listed on Euronext Brussels and the Athens Exchange (“ATHEX”), Viohalco is the Belgium-based holding company of a number of leading metal processing companies in Europe with production facilities across Greece, Bulgaria, the UK, Romania, Russia, North Macedonia, the Netherlands and Turkey. The Viohalco group specialises in the manufacture of aluminium, copper, cables, steel and steel pipes products, generating an annual revenue of approximately €3.85 billion. ElvalHalcor is a Greek-based leading global industrial producer of aluminium and copper and is listed on the ATHEX.

The Milbank team was led by European Leveraged Finance/Capital Markets partners Apostolos Gkoutzinis (Picture) and Randy Nahle, with associate Iakovos Anagnostopoulos.

Involved fees earner: Iakovos Anagnostopoulos – Milbank LLP; Apostolos Gkoutzinis – Milbank LLP; Randy Nahlé – Milbank LLP;

Law Firms: Milbank LLP;

Clients: Viohalco S.A.;

Author: Giulia Di Palma