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(Alliance News) - European Green Transition Ltd on Monday said it plans to launch its initial public offering on London's AIM market in early April.
European Green Transition, which will become a PLC upon listing, intends to invest in a portfolio of green economy assets in Europe. These include critical materials projects, solar and wind farms, and rehabilitation and processing projects. It has a launch portfolio of assets, including the Olserum rare earth element project in Sweden.
The IPO will be led by Panmure Gordon (UK) Ltd as bookrunner, broker and nominated adviser.
No financial details were provided on Monday. The company's largest shareholder is Cathal Friel, a co-founder and non-executive director. Friel has 43.8% stake, including 13.7% held directly and 30.1% via Raglan Road Capital Ltd.
Friel and other members of the European Green Transition leadership team have experience with other London-listed investment vehicles, including hVIVO PLC, which is still AIM listed, and Amryt Pharma PLC.
By Tom Waite, Alliance News editor
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