Sunday, February 25, 2024

      Subscribe Now!

 

spot_img
spot_img
GreeceHRADF launches book-building process for placement of 10% of Helleniq Energy

HRADF launches book-building process for placement of 10% of Helleniq Energy

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
The copyrights for these articles are owned by HNA. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of HNA and its representatives.

Latest articles

Hellenic Republic Asset Development Fund (HRADF) on Thursday opened an accelerating book-building process for the placement of Helleniq Energy shares.

More specifically, HRADF opened an accelerating book-building offer, through private placement, of Helleniq Energy’s existing shares. The Fund sells part of its 35.48% equity stake in the listed company and Paneuropean Oil and Industrial Holdings SA sells part of its 47.10% equity stake in the listed coμπany, or a total of around 10% of Helleniq Energy’s equity capital, depending on market conditions.

The offer price will be set through the book-building process. Goldman Sachs Bank Europe SA and JP Morgan will act as international coordinators of the transaction. Helleniq Energy will get no proceeds from the transaction.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

Get Access Now!

spot_img
spot_img