Milbank Advises ElvalHalcor on €250M Share Capital Increase

Milbank LLP advised ElvalHalcor Hellenic Copper and Aluminium Industry, S.A. (“ElvalHalcor” or the “Company”) in connection with its offering, through a non-preemptive issue, of 59,523,810 new ordinary, registered, voting, dematerialized shares to institutional investors internationally and to retail and qualified investors in Greece, at an offer price of €4.20 per new share. The transaction generated gross proceeds of approximately €250 million, which will be used to facilitate the execution of ElvalHalcor’s 2026-2030 targeted growth investment plan across its Aluminium and Copper segments.

ElvalHalcor is a leading European industrial group specializing in the production and processing of aluminium and copper into semi-finished and finished products for general and specialized applications. Listed on Euronext Athens, the Company has 85 years of experience and expertise in metal processing, offering high value-added industrial products and solutions for dynamically growing markets. With a global commercial footprint spanning more than 90 countries and a strong commercial network, ElvalHalcor serves more than 3,800 customers worldwide, seizing opportunities from markets fueled by global megatrends including climate neutrality, circular economy and electrification. ElvalHalcor operates state-of-the-art production assets across Greece and Bulgaria, supported by additional downstream facilities across Europe.

The Milbank team was led by Corporate Finance and Securities partner Apostolos Gkoutzinis, special counsel Karoline König and associates Panos Tsezos and João Martins. UK Tax partner Alan Rafferty and associates Lily Teh and Max Norman provided tax advice.