Neoen shows investor demand for top green equities

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 ...

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