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.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
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.
