Karatzas & Partners advised Cenergy Holdings S.A. in connection with its €200 million share capital increase, through a non-preemptive issue of 22,222,222 new, ordinary, voting shares at an offer price of €9.00 per share.

This pivotal transaction, which involved a combined offering comprising of an institutional offering and retail offers in Belgium and Greece, was oversubscribed and the total demand of the offering exceeded 65,000,000 new shares. The proceeds will primarily be used for the financing of the first phase of the Group’s planned construction of a cable manufacturing facility in Baltimore, Maryland, USA. As of October 16, 2024, the new shares are trading on the regulated market of Euronext Brussels and the main market of the Athens Exchange.

Our core team consisted of partners Catherine Karatzas and Alexandra Kondyli, senior counsel Eleana Rouga, and associate Iliana Ioannou.

We sincerely thank the whole team at Cenergy for the trust and seamless collaboration on another landmark transaction.

For more information: https://cenergyholdings.com/new/increase-in-share-capital-eur-200-million-cenergy-holdings-s-a/