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    Home » White & Case Advises Polenergia on PLN 1 Billion Public Share Offering

    White & Case Advises Polenergia on PLN 1 Billion Public Share Offering

    March 3, 20221 Min Read News
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    White & Case has advised Polenergia on its over PLN 1 billion public offering of AA series shares.

    Polenergia is Poland’s largest privately held, vertically integrated energy group.

    According to White & Case, “a total of 21,358,699 new ordinary bearer shares will be issued which, at a fixed price of PLN 47 per share, will allow Polenergia to raise more than PLN 1 billion. Approximately 24% of the shares were offered to Mansa Investments and around 51% to Brookfield Renewable Partners. The remaining shares were offered to other investors.”

    According to the firm, “the proceeds will be used for the development and construction of zero-emission energy sources including offshore wind projects, onshore wind farms, and photovoltaic farms, the development of electromobility, development and acquisitions in selected business areas, and the repayment of a short term loan to finance onshore wind farms.”

    White & Case’s team in Warsaw included Partner Rafal Kaminski and Associates Monika Duzynska and Michal Truszczynski.

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