Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

Bulgaria: TPP Maritsa 3...

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

Bulgaria: Bobov Dol thermal...

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
Supported byClarion Energy
HomeUncategorizedRomania: Premier Energy...

Romania: Premier Energy seeks to raise over 135 million euros with IPO

Power and gas utility group Premier Energy announced that the Romanian Financial Supervisory Authority approved its planned Bucharest Stock Exchange IPO that thus kicks off on May 8. The IPO will last for a week and aims to bring over 135 million euros to the company and its owner.

Companys’ owner EMMA Alpha Holding values the company’s 100 million shares, before the IPO, at 405 million euros, or 4.05 euros per share, according to the IPO prospectus. It is ready to cede a stake of 29-32.5% to retail and institutional investors, under the IPO by new share issuance and sale of existing shares.

The indicative price range for the IPO has been set at between 19.0 and 21.5 RON/share.

As many as 20% of the shares will be offered to retail investors, while the remainder will be offered to institutional investors. Premier Energy and Emma Capital may also decide to increase the number of shares on offer by up to 20%, for an additional 6,250,063 upsize shares, of which 80% will be additional new shares and 20% will be additional existing shares.

The offer price and the exact number of shares to be sold will be announced on or around May 16, following the book-building process. The settlement will take place on or around May 20. Premier Energy’s shares will then be admitted for trading on the BVB on or around May 27, as per the prospectus.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia plans to more than double gas imports from Azerbaijan to 1 billion cubic meters annually

The Serbian Energy Ministry has announced intentions to increase annual gas imports from Azerbaijan to 1 billion cubic meters, a rise of over 2.5 times the current agreement of 400 million cubic meters. Negotiations for new supply contracts are expected...

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...

Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas,...
Supported byVirtu Energy
error: Content is protected !!