# ETEM and COSMOS ALUMINIUM sign addendum to merger agreement

ETEM, 80% owned by ELVALHALCOR, and COSMOS ALUMINIUM signed an addendum to their strategic cooperation agreement, continuing negotiations for the merger by absorption of ETEM by COSMOS ALUMINIUM.

- Type: Acquisition
- Announced: 2022-11-06
- Where: Greece
- Status: announced
- Products: aluminium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ElvalHalcor Hellenic Copper and Aluminium Industry S.A.](https://endata.com/companies/46827.md) (investor)
- [Cosmos Aluminium](https://endata.com/companies/63296.md) (acquirer)
- [ETEM Commercial and Industrial Light Metals Societe Anonyme](https://endata.com/companies/66482.md) (target)
- [ETEM Commercial and Industrial Light Metals S.A.](https://endata.com/companies/67553.md) (target)

## Sources

- [athens.euronext.com](https://athens.euronext.com/en/node/711507), 2022-11-08: "ETEM and COSMOS ALUMINIUM have signed the '1st Addendum to the Basic Terms of Cooperation' to the strategic cooperation agreement having as subject matter the basic terms under which the contracting parties intend to proceed to the merger by absorption of ETEM by COSMOS ALUMINIUM."
- [ot.gr](https://www.ot.gr/2022/12/27/english-edition/etem-merger-with-cosmos-aluminium-announced/), 2022-12-27: "ETEM Commercial and Industrial Light Metals S.A., whose majority stakeholder is Elvalhalcor, will merge with Cosmos Aluminium through the absorption of the former by the latter"

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