The listing of Premier Energy increases the representativeness of the energy and utilities sector to 66% of the total capitalization of the Stock Exchange, said Radu Hanga, the president of the Bucharest Stock Exchange, on Tuesday.

„It is the largest listing of an entrepreneurial company on the Bucharest Stock Exchange in the last 7 years. We had the Digi listing in 2017, which was bigger. If we look at the history of the Bucharest Stock Exchange, it is in the top 5 largest listings of a private company that we had on the Stock Exchange. And through your listing we see an increase in the representativeness of the energy and utilities sector at the Bucharest Stock Exchange, approximately 66% of the total capitalization of the Stock Exchange. This percentage shows us how well represented it is energy sector on the Stock Exchange and shows us how much work we have to increase the representation of the other sectors of the Romanian economy on the Stock Exchange,” said Radu Hanga, at the official opening of the trading session dedicated to the listing of the Premier Energy company on the stock exchange.

He said that Premier Energy enters the market with an anticipated capitalization of 2.4 billion RON (1 euro=4.97 RON), 1% share in the domestic capitalization and 1.52% of the capitalization of all listed energy and utility companies at the Stock Exchange.

Premier Energy Group is one of the fastest growing private vertically integrated energy infrastructure companies in Southeast Europe and one of the largest renewable energy players in the region. The group has over 1,000 MW of renewable electricity generation capacity owned, managed or under development in Romania and Moldova, together with one of the fastest growing businesses in the supply of electricity from renewable sources in both countries.

In Romania, the Group is the third largest distributor and supplier of natural gas with over 150,000 consumption points. It is also the largest distributor and supplier of electricity in Moldova, with almost one million consumption points and over 840,000 customers, serving approximately 70% of the Moldovan population.

The company is majority owned by EMMA Capital.

At the end of 2023, the Group generated consolidated revenues of 912 million euros, a net profit of 78.8 million euros and adjusted EBITDA of 127.7 million euros.

AGERPRES