Mytilineos EGM approves triple merger with Aluminium of Greece, Delta Projects

Greek metals and engineering holding company Mytilineos said its EGM approved the triple merger of Mytilineos with Aluminium of Greece and Delta Projects. In a filing to the Athens Stock Exchange, the company said that Aluminium of Greece and Delta Project will soon be de-listed from the ASE, increasing Mytilineos' share capital by 99.8 mln eur and raising its nominal share value to 2.55 eur from 0.6 eur previously. The group added that Aluminium of Greece's energy assets and Delta Projects' 334 MW gas-fired plant will be contributed to Mytilineos' 49 pct-owned unit Endesa (nyse: ELE - news - people ) Hellas. Aluminium of Greece shareholders will receive 1 Mytilineos share for every 2.5291 shares, while Delta Project shareholders will receive 1 Mytilineos share for every 5.2963 shares.