Portugal's Greenvolt to list in Lisbon July 13
02/07/2021 08:15
MADRID, July 2 (Reuters) - Portuguese biomass energy firm
Greenvolt said on Friday it plans to make its debut on the
Lisbon stock market on July 13, floating a stake of up to 25.2%.
Greenvolt, which is fully owned by Portuguese pulp producer
Altri ALSS.LS , said last week it planned to raise 150 million
euros ($178 million) through a stock market listing to fund its
expansion, including in European solar parks and wind farms.
The company said it expects to set the price of the new
shares between 4.25 euros and 5 euros in a bookbuilding period
held between Friday and July 8.
Renewable energy companies in Spain and Portugal are lining
up to tap the market for funds, with the industry becoming
increasingly popular among investors worldwide as governments
and corporations try to wean themselves off fossil fuels and
stem climate change.
Greenvolt's initial public offering follows the one carried
out by Acciona Energia ANE.MC on Thursday in Madrid.
Acciona Energia's shares rose more than 7% on their first
trading day, valuing the company at 9.4 billion euros, one of
the most valuable stock market debutantes in Europe this year.
($1 = 0.8447 euros)
(Reporting by Inti Landauro;Editing by Elaine Hardcastle)
((Inti.Landauro@thomsonreuters.com;))