Successful issue of Premier Energy shares on the Bucharest Stock Exchange

The Bucharest Stock Exchange today started trading in Premier Energy shares. More than a quarter of the shares of the company, which was previously 100% owned by the EMMA Capital Group, have thereby acquired new owners.

 

Premier Energy’s shares were subscribed at 19.50 lei (RON) apiece and immediately began trading upwards.

“On behalf of EMMA Capital Group, I can say that we are feeling very good. We have worked for many months to achieve this result. All the offered shares are subscribed, and at a price we are satisfied with. But the main thing is that the whole transaction will bring the necessary capital to Premier Energy Group for its further growth and acquisitions,” said Pavel Horák, Partner and Investment Director of EMMA Capital, commenting on the issue.

Premier Energy Group is one of the largest players in the field of renewable energy in Southeastern Europe. It currently boasts more than 1,000 MW of renewable electricity generation under ownership, management or in varying stages of development.

At the same time, it is one of the fastest growing electricity suppliers in the region, currently supplying approximately 2.4 million clients, the majority being households and small businesses. In Moldova, Premier Energy is by far the largest electricity supplier and distributor, while in Romania, in addition to its vertically integrated renewable energy activities, it is also the third-largest natural gas distribution and supply company.

Financing the further development of renewable electricity generation will be a clear priority when using the proceeds from the IPO. In particular, this will entail the acquisition of additional wind and solar power plants. In April, for example, Premier Energy announced the purchase of an 80 MW wind plant near the Romanian city of Constanta.

For further information on Premier Energy Group, visit: https://www.premierenergygroup.eu/

EMMA Capital is a private investment holding founded in 2012 by Jiří Šmejc. In recent years, it has focused primarily on markets in the European Union, but is also present in other markets in Europe and Asia. It usually plays an active role in companies where it acquires an equity stake, dynamically participating in their management, development and any potential restructuring. EMMA’s investment priority is retail and customer-oriented companies.

Contact:

Pavel Zuna
EMMA Capital
Email: [email protected]