Neoen shows investor demand for top green equities

Wind_farm_lithuania_adobe_575x375_21Sep
By Sam Kerr
07 Apr 2021

Neoen, the French renewable energy company, said on Wednesday that it had received huge levels of demand for its €600m rights issue, proving that the right companies in the renewable energy sector can still attract a strong following among equity investors despite recent turbulence in green stocks.

The French firm sold 21.4m shares at €28 each, a 32% discount to the theoretical ex-rights price of €41.20.

Shareholders had the chance to subscribe for one new share for every four they already own.

The company announced on Wednesday that it had received a 99.5% take-up from ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial