Brief: GreenVolt Announces Its Intention To Proceed With IPO Of Around 150 Mln Euros

Altri, SGPS

24/06/2021 07:02

June 24 (Reuters) - GreenVolt - Energias Renovaveis, S.A.:
    * SAYS ANNOUNCES ITS INTENTION TO PROCEED WITH AN IPO OF
AROUND
150 MILLION EUROS ADDRESSED TO QUALIFIED INVESTORS
    * SAYS HAS APPLIED FOR THE ADMISSION OF ITS ORDINARY SHARES
TO
TRADING ON EURONEXT LISBON
    * SAYS OFFERING WILL CONSIST ENTIRELY OF A PRIMARY OFFERING
OF NEW
ISSUED ORDINARY SHARES
    * SAYS ALTRI GROUP  ALSS.LS  IS COMMITTED TO REMAIN AS
REFERENCE
AND MAJORITY SHAREHOLDER OF GREENVOLT
    * SAYS IPO WITH ADDITIONAL AND CONCURRENT 56 MILLION EUROS
RESERVED CAPITAL INCREASE AS CONSIDERATION FOR ACQUISITION OF
POLISH DEVELOPMENT PLATFORM V-RIDIUM
    * SAYS IT TARGETS A MINIMUM FREE-FLOAT OF C.25%
    * SAYS WILL USE IPO PROCEEDS TO ACHIEVE PLANS FOR GROWTH
BUILT ON:
BIOMASS CONSOLIDATION OF UNDERPERFORMING ASSETS, SOLAR PV AND
ONSHORE WIND DEVELOPMENT AND DECENTRALIZED POWER GENERATION
    * SAYS UPON COMPLETION OF IPO, ALTRI WILL DISTRIBUTE TO ITS
SHAREHOLDERS GREENVOLT SHARES UP TO A MAXIMUM OF 5% OF SHARE
CAPITAL AND VOTING RIGHTS OF GREENVOLT

Source text: https://bit.ly/3d47b6L
Further company coverage:  ALSS.LS 

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