ElvalHalcor secures €300 m capital boost for €455 m investment programme

Shareholders of Greek metal group ElvalHalcor voted overwhelmingly (99.68% of votes) to authorise a capital increase of up to €300 million. The approval, made at an extraordinary general meeting attended by 89.17% of voting rights, gives the board until 31 July 2027 to raise the funds, aiming to collect roughly €250 million through a public offering in Greece and an international book‑building process.

The capital will finance a €455 million investment programme focused on expanding production capacity, improving recycling, and enhancing efficiency at the group's aluminium and copper facilities. ElvalHalcor is the second‑largest hot‑rolled aluminium producer in Europe and the leading copper‑tube manufacturer in Europe, the Middle East and Africa, with about 95% of sales exported. The company contributed €2.35 billion in production value and €2.5 billion in exports in the latest reporting period, representing 8% of Greece’s industrial exports and roughly 0.56% of national GDP, while directly employing 2,887 workers and supporting around 20,920 jobs in the wider economy.