# ETEM and Cosmos Aluminium sign merger agreement

ETEM, an 80% subsidiary of ElvalHalcor, and Cosmos Aluminium signed a strategic cooperation agreement for the absorption merger of ETEM by Cosmos Aluminium, with ETEM shareholders receiving a minority stake in Cosmos Aluminium.

- Type: Acquisition
- Announced: 2022-05-06
- Where: Greece
- Status: announced
- Products: aluminium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ElvalHalcor](https://endata.com/companies/30069.md) (investor)
- [Etem Group](https://endata.com/companies/53502.md) (target)
- [Cosmos Aluminium](https://endata.com/companies/63296.md) (acquirer)

## Sources

- [financialreport.gr](https://www.financialreport.gr/mou-metaxy-etem-kai-cosmos-aluminium-gia-stratigiki-synergasia/), 2022-06-04: "υπογράφηκε συμφωνία στρατηγικής συνεργασίας με αντικείμενο τους βασικούς όρους, υπό τους οποίους οι ΕΤΕΜ και COSMOS ALUMINIUM προτίθενται να προβούν σε συγχώνευση με απορρόφηση της ΕΤΕΜ από την COSMOS ALUMINIUM."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.