EBRD bought 11% in the RON685 million IPO, which translates into an about RON77 million investment, so it now owns 3.2% in the company.
The transaction supports both Romania’s and EBRD’s climate goals. The money raised from EBRD’s stake will be used to build new renewable energy facilities, mainly in Romania and the project Is expected to contribute to more than 168,000-ton reduction in annual carbon emissions.
(English version by Loredana Fratila-Cristescu