€200M Share Capital Increase - Cenergy Holdings S.A.
![]() | ![]() | ||
Press Release | |||
17 October 2024 | |||
€200M Share Capital Increase - Cenergy Holdings S.A. | |||
![]() |
The Athens Stock Exchange yesterday welcomed the management, executives, and partners of Cenergy Holdings to celebrate the commencement of trading for the company’s newly issued shares, following a €200 million share capital increase through a cash contribution and the cancellation of pre-emptive rights for existing shareholders.
The CEO of the Athens Exchange Group, Mr. Yianos Kontopoulos, highlighted the strong investor response, stating: "Beyond securing new capital to support the company’s growth, a key achievement of this transaction is the significant increase in Cenergy Holdings’ free float, rising from 20% to nearly 30%. This outcome underscores the company’s commitment to its shareholders, as a higher free float enhances market liquidity and ensures a more accurate valuation of its stock. Additionally, it is noteworthy that during Cenergy Holdings' nine years of dual listing on the Athens Stock Exchange and Euronext, most of its trading volume has taken place in the domestic market.”
Cenergy Holdings CEO, Mr. Alexis Alexiou, remarked: "We are deeply grateful for your presence on this landmark occasion for Cenergy Holdings. Today is not only a financial and corporate milestone but also a historic moment as we expand our production footprint into the U.S. It is also a testament to the trust we have built with our investors and shareholders.” He added: “Our investment in the U.S. is not just another initiative—it marks the beginning of a new chapter for Cenergy Holdings, a journey of success that we are writing together.”
Mr. Ioannis Emiris, General Manager of Wholesale Banking at Alpha Bank, emphasized: "Cenergy Holdings stands at the forefront of the energy transition and is one of Greece’s leading export-oriented industrial groups, with a presence in more than 50 international markets. The €200 million share capital increase is a clear demonstration of the group’s commitment to innovation, growth, and global expansion.” He continued: “At Alpha Bank, we take pride in our role as the sole Greek bank to act as Joint Global Coordinator of the Combined Offering and Lead Underwriter of the Greek Offering. We remain dedicated to supporting initiatives that drive progress in the Greek economy and capital markets.”
A’ Vice Chairman of the Hellenic Capital Markets Commission, Mr. Michalis Fekkas, also addressed the event, stating: "It is an honor to be here today for the commencement of trading of Cenergy Holdings' new shares. The success of the public offering reflects investor confidence in the company’s strong fundamentals and growth prospects in the cable and steel pipe sectors. Special recognition is due for the preparation of multilingual summary prospectuses in French, Dutch, and Greek—an initiative that enhances transparency, facilitates global investor participation, and attracts capital from diverse markets. Congratulations to Cenergy Holdings, and I wish you continued success.”
![]() | ![]() |
![]() |