June 1 (SeeNews) – Croatian private investment group Energia Naturalis (ENNA) announced on Thursday that it has started preparations for an initial public offering (IPO) and plans to raise more than 1.0 billion euros (US 1.07 billion). dollars) into green projects in Croatia.
The process of entering the capital market is expected to take five years and one of the options under consideration is the Zagreb Stock Exchange, ENNA said in a press release.
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Last year, ENNA began a new phase of strategic development, which will be characterized by significant investments, it said. The Company develops large-scale renewable energy projects, primarily solar and geothermal projects.
ENNA also said that its main businesses will continue to be renewable energy, transport and logistics, and food, and that going forward the company will put more focus on ensuring energy independence, sustainability and self-sufficiency in food production and distribution.
The company continues to invest in transport and logistics development by investing in rail freight and ports, particularly via the strategic Rijeka gateway on the northern Croatian Adriatic coast, which aims to become the new logistics hub in Central Europe and the most important container terminal in the Adriatic . Rijeka Gateway is a joint venture project of ENNA and APM Terminals, part of the Danish logistics group Maersk. The total value of their investment is estimated at EUR 480 million and the future terminal in Rijeka should bring more than a million new container units.
Natural gas trader, importer and supplier Prvo Plinarsko Drustvo doo (PPD), a key division of ENNA, is in the process of leaving the group, ENNA said. PPD, which has operations in Switzerland, Italy, Hungary, Slovenia and Romania and generates 70% of its sales in foreign markets, will be directly owned by Blue Horizon, a company owned by local businessman Pavao Vujnovac, ENNA’s founder. The change will enable PPD to achieve sustained growth, expand its business in existing markets and enter new European markets, ENNA said.
($ = 0.934 euros)
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