Renewables

Fintel Energija IPO on Belgrade Stock Exchange in May

Photo: Pixabay

Published

March 27, 2018

Country

Comments

comments icon

0

Share

Published:

March 27, 2018

Country:

Comments:

comments icon

0

Share

Fintel Energija will conduct the initial public offering (IPO) on the Belgrade Stock Exchange in May, company CEO Tiziano Giovannetti said.

The first IPO after almost 80 years on the Belgrade Stock Exchange is being prepared for nine months. The Fintel Energija plans to sell 15-20% of its shares.

“The necessary IPO procedure will be completed in April. We have a lot of interest and we are more than confident that this will be a success,” Giovannetti said.

Money raised through IPO will be invested in projects in Serbia.

Fintel Energija is a subsidiary of the Italian company Fintel Energia Group S.P.A. Fintel Energija and the Serbian MK holding, owned by Miodrag Kostic, are the owners of MK-Fintel Wind.

At the end of 2015, MK-Fintel Wind opened a 9.9 MW Kula wind farm, the first in Serbia, and in October 2016 a 6.6 MW La Piccolina wind farm. In June last year, the company started construction of the Košava wind farm of up to 69 MW.

Tiziano Giovannetti, CEO at MK-Fintel Wind, said in May last year that the company plans to offer 20 to 40 percent of Fintel Energija shares to raise about EUR 60 million.

At the end of February, MK-Fintel Wind announced that it has secured EUR 81.5 million for the completion of the Košava phase 1 wind farm.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Albania obligatory zero emission standards solar panels buildings

Albania to roll out obligatory zero-emission standards, solar panels for buildings

06 November 2024 - Albania drafted a law on the energy performance of buildings including zero-emission and nearly zero-emission standards and solar energy use

crh romcim cement romania wind farm

CRH installs wind farm to directly power cement plant

06 November 2024 - The investment will lower the carbon footprint of the plant’s products and contribute to Romania’s clean energy transition

balkans blackout power outage entso e report

Overgrown vegetation caused Balkans blackout on June 21

06 November 2024 - ENTSO-E published an interim-factual report describing the system conditions before the event and its timeline

Prosumers in Romania surpass 2 GW in total capacity

Prosumers in Romania surpass 2 GW in total capacity

06 November 2024 - The capacity operated by prosumers in Romania topped 2 GW in August, doubling in just 14 months. Their number reached 166,000.