The offering could be completed in May 2024 depending on capital market conditions.
Premier Energy Group intends to raise around EUR100 million via a capital increase excluding preference rights and its main shareholder, EMMA Alpha Holding, plans to sell shares worth around EUR25 million.
The final structure of the IPO will be decided shortly before the offering launch.
The raised funds will be used to finance future growth, particularly on the renewable energy output.
The offering will be launched after its prospectus is approved by the financial watchdog and will address both investors in Romania and eligible international institutional investors.
In the wake of the operations, EMMA Capital will still hold the majority stake in Premier Energy.
In Romania, the group is the third largest distributor and supplier of natural gas. It is also the largest electricity distributor and supplier in the Republic of Moldova.
(English version by Catalina Apostoiu)