Budapest-based renewable energy firm Eetek plans raising EUR 70 mln from its IPO on the Warsaw Stock Exchange, which should take place mid-October, company officials told a news conference.
Means from the issue will partly finance Eeetek capex plan amounting to EUR 171 mln, the official added. The remaining sum will come from banking debt and own means.
Eetek will float 11.2 mln shares, out of which 9 mln is a new issue.
Maximum issue prices was set at PLN 32. Retail investors in Poland will be offered up to 1.7 mln shares and European institutional investors up to 9.5 mln shares.
The group's investment program consists of 12 wind farm, solar power plant and biomass power plant projects ready for implementation, Eetek press statement out in early September showed.
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