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Neoen launches €600m share issue
Fundraising - MARCH 16, 2021

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Neoen launches €600m share issue

by Kali Persall

Neoen, a France-based renewable firm, has launched a €600 million ($715 million) share issue to fund projects in Australia, France and Finland.

According to Reuters, this is part of a €5 billion ($5.9 billion) expansion plan aimed at doubling power capacity by 2025, primarily in countries where the firm already operates.

Neoen already has received €199 million ($237 million) in commitments from its main shareholder Impala, as well as €34 million ($40 million) from FSP and €20 million ($24 million) from Bpifrance.

The issue was priced at €28 ($33) per share.

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