Enefit Green is expected to announce today that it is to list shares in the company on the stock exchange.
Enefit Green, the renewable energy subsidiary of Estonia’s state-owned Eesti Energia group, announced a press conference at short notice on Thursday morning. It is thought to be likely it will announce it is listing shares.
In June this year, Minister of Finance Keit Pentus-Rosimannus (Reform) said the plan to list a minority holding of Enefit Green AS is serious and the activities for holding an initial public offering (IPO) are in full swing.
“Preparations for the IPO have proceeded according to plans. The goal is to make available a so-called people’s share, meaning that retail investors, in addition to institutional investors, would be offered an opportunity to invest in the growth story of renewable energy,” the minister said at the time.
The money to be raised through the IPO will be invested in the implementation of renewable energy projects underway in the home markets of Enefit Green.
Pentus-Rosimannus also noted that the listing of Enefit Green minority shares on the stock market has been set forth in the coalition agreement.
Read more: ERR.EE