# ElvalHalcor to join Cosmos Aluminium with 15% stake in merger

ElvalHalcor, a member of the Viohalco group and sole shareholder of Etem, will join Cosmos Aluminium with a 15% stake, while current Cosmos shareholders hold 85%. The transaction involves the absorption of Etem by Cosmos Aluminium and is contingent on regulatory approval.

- Type: Acquisition
- Announced: 2023-01-05
- Where: Greece
- Status: announced
- Products: aluminum extrusion profiles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [ceelegalmatters.com](https://ceelegalmatters.com/legal-markets/21996), 2023-01-05: "The merger will see ElvalHalcor join Cosmos Aluminium with a 15% stake in Cosmos, while the current shareholders of Cosmos Aluminium will hold the remaining 85%."

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