03:17 AM EST, 11/11/2026 (MT Newswires) -- Metlen Energy & Metals (MTLN.L) plans to launch an initial public offering of its Greek infrastructure platform Metka. Under the proposed IPO, Metka intends to raise 250 million euros through the sale of new shares, according to a Wednesday filing. Certain selling shareholders will also sell existing shares under the offering. Upon completion, Metka plans to apply for admission on Euronext Athens. Proceeds are earmarked for infrastructure investment and growth strategy, with a focus on new public-private partnerships and concessions investments. The proceeds will also provide additional financial flexibility to pursue selected opportunities in adjacent activities, including real estate in Southeastern Europe. The industrial and energy company would retain an indirect majority stake in Metka after the IPO.

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