18th Dec 2025 10:00
(Alliance News) - Metlen Energy & Metals PLC on Thursday announced the signing of a contract with KNDS Deutschland GmbH & Co for the delivery of 200 assemblies for Leopard 2A8 battle tanks.
The Athens-based aluminium producer and electricity generator said its metallurgical defence equipment arm, M Technologies, will undertake manufacturing at Metlen's defence Hub in Volos until 2031.
"This agreement marks a new milestone in the long-standing cooperation between the two companies, built on a relationship of trust spanning more than 23 years," Metlen said.
In parallel, M Technologies and KNDS are in "advanced negotiations" to deepen their cooperation in other types of defence systems, Metlen said.
Shares in Metlen were up 2.7% at EUR41.85 each in London on Thursday morning.
Separately, Metlen said Chair & Chief Executive Officer Evangelos Mytilineos bought 10,000 shares via Kilteo Ltd at EUR41.95, worth EUR419,529, on Monday.
Mytilineos also had bought 10,000 on Wednesday last week. He has been buying shares steadily since Metlen's London initial public offering in August. His holding is above 20%.
By Jeremy Cutler, Alliance News reporter
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