Business | 31 May, 2024 at 9:00 AM
UniCredit advises Premier Energy's IPO on Bucharest Stock Exchange
UniCredit acted as Joint Global Coordinator and exclusive ESG Advisor in the context of Premier Energy's IPO.
UniCredit acted as Joint Global Coordinator and exclusive ESG Advisor in the context of Premier Energy's IPO.
Premier Energy Group disclosed that the country's financial oversight authority, ASF, has greenlit the prospectus for its upcoming initial public offering (IPO).
Premier Energy Group announced its intention to launch an initial public offering of ordinary shares on the Bucharest Stock Exchange.
Hidroelectrica, an energy producer owned by the Romanian state, is preparing for listing on the Bucharest Stock Exchange (BVB). Fondul Proprietatea, the minority shareholder, is selling 17% of the holding (almost 20%), i.e. 78 million shares.
BCR gas entered the international market with the first issue of green Eurobonds, worth €700 million. The funds will be directed toward renewable energy projects, green mortgages, and green buildings.
Raiffeisen Bank enters the market with the second tranche of the sustainable bond issue, which amounts to approximately RON 490 million (€98 million), for which it must pay an interest rate of 8.29% per year.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.
Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.
