Premier Energy Group, a renewable energy player in Romania and the Republic of Moldova has announced its intention to proceed with an initial public offering of its ordinary shares on the Bucharest Stock Exchange.
The Offer will take place after the approval of the Prospectus by the Romanian Financial Supervisory Authority. The IPO will consist of a public offering to retail and institutional investors in Romania and an offering to eligible international institutional investors, in accordance with the provisions of the Prospectus.
Following the approval of the Prospectus by the FSA and the successful closing of the Offering, the Company intends to apply for admission to trading of the shares on the Regulated Market administered by the Bucharest Stock Exchange.
Jose Garza, Chief Executive Officer of Premier Energy Group, commented: “While we are proud to be one of the fastest growing privately-owned energy infrastructure companies in Southeast Europe, now is the right time for Premier Energy Group to conduct an IPO and to leverage
the exciting opportunities for accelerated development that a public listing on the Bucharest Stock Exchange will deliver.
“As the largest renewables production manager and aggregator of solar and wind plants in Romania and Moldova, Premier Energy Group is well placed to benefit from the forecasted growth of renewables in the region and to build on our transformational recent acquisition of CEZ Vanzare and our successful track record of accretive acquisitions. And with our vertically integrated and diversified business model allowing us to capture margin throughout the value chain and providing financial stability, we have a very attractive equity story to tell potential investors.”