Premier Energy Group announces its intention to conduct an IPO on the Bucharest Stock Exchange

Premier Energy Group, one of the largest renewable energy players in Romania, announces its intention to proceed with an initial public offering (IPO) of its ordinary shares on the Bucharest Stock Exchange.

The IPO will take place after the approval of the Prospectus by the Romanian Financial Supervisory Authority (ASF). The IPO will consist of a public offering to retail and institutional investors in Romania and an offering to eligible international institutional investors, in accordance with the provisions of the Prospectus.

Following the approval of the Prospectus by the ASF and the successful closing of the IPO, the company intends to apply for admission to trading of the shares on the Regulated Market administered by the Bucharest Stock Exchange.

Jose Garza, Chief Executive Officer of Premier Energy Group, commented: “While we are proud to be one of the fastest growing privately-owned energy infrastructure companies in Southeast Europe, now is the right time for Premier Energy Group to conduct an IPO and to leverage the exciting opportunities for accelerated development that a public listing on the Bucharest Stock Exchange will deliver.

As the largest renewables production manager and aggregator of solar and wind plants in Romania and Moldova, Premier Energy Group is well placed to benefit from the forecasted growth of renewables in the region and to build on our transformational recent acquisition of CEZ Vanzare and our successful track record of accretive acquisitions. And with our vertically integrated and diversified business model allowing us to capture margin throughout the value chain and providing financial stability, we have a very attractive equity story to tell potential investors.”