Green Forum • 31 May, 2024 at 9:00 AM
UniCredit acted as Joint Global Coordinator and exclusive ESG Advisor in the context of Premier Energy's IPO, the largest privately owned company listed in Romania since June 2017 and a landmark transaction in the region.
The Company has over 1,000 MW of renewable electricity generation under ownership, management or in development in Romania and Moldova, along with having one of the fastest growing renewable electricity supply businesses. It is also the third largest natural gas distributor and supplier in Romania and the largest electricity distributor and supplier in Moldova serving more than 70% of the Moldovan population. Following the recent acquisition of the CEZ Vanzare supply business in Romania, the Company serves a combined total of approximately 2.4 million electricity and natural gas supply clients in Romania and Moldova, the vast majority of which are households and small businesses.
Following a comprehensive marketing exercise, UniCredit was able to broaden the overall investor outreach with notable international demand – leveraging on strategic dialogue and impactful sectorial content, coupled with key ESG advisory.
Specifically, UniCredit in its role of ESG advisor to Premier Energy – first mandate ever within the CEE region - among other things, advised the Company in relation with the ESG Governance supporting the decarbonization strategy. This proved to be instrumental to lock-in the commitment of the anchor investors.
This deal represents our 3rd transaction executed in Romania over the last 2 years, reinforcing UniCredit's reputation as a reliable partner with proven Equity Research and Distribution capabilities and a key contributor to the overall success of the deal.