Fintel Energija IPO on Belgrade Stock Exchange in May

Photo: Pixabay


March 27, 2018



comments icon




March 27, 2018



comments icon



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

macedonia mepso ebrd loan grid renewables koka basso bozinovska

MEPSO secures funds for grid investments; upgrade to enable connecting 1.2 GW of renewables

23 July 2024 - MEPSO and the European Bank for Reconstruction and Development (EBRD) have signed an agreement on a EUR 26.4 million loan

fiat grande panda stellantis serbia electric cars automobiles

Stellantis starts producing electric cars in Serbia

22 July 2024 - With the announced state subsidies, Fiat Grande Panda from the Kragujevac plant could cost around EUR 18,000

eds ceo biljana komnenic elektrodistribucija srbije

Biljana Komnenić takes helm of Serbia’s DSO

22 July 2024 - The Government of Serbia has dismissed the acting director of distribution system operator Elektrodistribucija Srbije, Bojan Atlagić

serbia dso eib loan smart meters elektrodistribucija srbije dubravka de groot

Serbia secures EUR 80 million to replace 400,000 smart electricity meters

22 July 2024 - Distribution system operator Elektrodistribucija Srbije and the European Investment Bank have signed an EUR 80 million loan agreement