ElvalHalcor targets €250M in one of Greece's largest post-IPO raises
What's the deal? ElvalHalcor, the Greek aluminium and copper products manufacturer, launched a combined public offering on July 14, 2026, aiming to raise roughly €250 million in gross proceeds. The offering period runs until July 16 at 16:00 local time.
How it's structured: The company will issue up to 75 million new ordinary voting shares, each with a nominal value of €0.39, at a maximum price of €4.86 per share. The deal pairs a domestic public offering in Greece with an international private placement run through a global book-building process.
The split: Initial allocation sets 20% for investors in the Greek public offering and 80% for the private placement, covering qualified, institutional, and other eligible investors outside Greece.
Shareholders of record as of market close on July 13 on Euronext Athens hold pre-emptive rights to subscribe in the Greek tranche, letting them keep their existing stake after the capital increase.
What's the endgame? Net proceeds will fund ElvalHalcor's 2026–2030 business plan and strategic investment priorities across its operations. The final price, share count, and tranche split will be set by the board after book-building and consultation with the Joint Global Coordinators.
The signal: At €250 million, the raise ranks among the largest post-IPO equity deals in Greece's energy sector over the past four years, sitting in the 95th percentile of 492 comparable rounds. It points to renewed investor appetite for Greek industrial names raising growth capital on public markets.
Read more: Athens Times
Image credit: Romina Campos
