WARSAW – 19 October 2023 – Greenberg Traurig represented Santander Bank Polska – a sole global coordinator and bookrunner – in the rights issue of Polenergia S.A. The value of the offering has been PLN 750 million (approx. EUR 168.4 million).
Pursuant to the objectives of the issue, Polenergia S.A. will use the proceeds from the offering to finance investment projects as part of the implementation of the strategy of the Polenergia Group for 2020-2024. The funds from the issue will be used primarily for the further development of the offshore wind farms MFW Baltic I, MFW Baltic II and MFW Baltic III, but also for onshore wind and photovoltaic projects, as well as hydrogen projects and the development of the electromobility sector.
The conducted share issue of Polenergia is the largest one on the Warsaw Stock Exchange since the beginning of the year and one of the few rights issues carried out in Poland in the last decade.
The Greenberg Traurig team was led by Rafał Sieński, Partner and Co-Head of the Capital Markets Practice. The team also included Senior Associate Grzegorz Socha and Junior Associate Kamil Nagawski. The Greenberg Traurig team's advice included project preparation and comprehensive advice to Santander Bank Polska regarding the mandate agreement and the placement agreement, which were concluded by Santander Bank Polska with Polenergia S.A. to implement the offering.
Polenergia is Poland's first private energy group, consisting of vertically integrated companies that generate energy from conventional and renewable sources, distribute, trade and sell electricity to retail and business customers.
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