A share capital increase of 200 million euros is underway Cenergy Holdings.

Specifically, the Board of Directors decided to increase the company’s share capital by the maximum amount of EUR 200 million through the issuance of new ordinary shares of no nominal value by the company and together with the existing ordinary shares of no nominal value of the company at the maximum price per new share of 9 .86 euros.

According to a related announcement, the net income from the capital increase are intended to be used primarily to finance the first phase of the Group’s planned construction of a cable manufacturing facility in Baltimore, Maryland, United States, as well as for general corporate purposes and, to the extent deemed necessary by the Group, for the financing further improvements and expansion of the production capacity of the Group’s existing facilities in Greece.

The offer is expected to start in the coming days, while the delivery of the new shares is expected to be completed around mid-October, subject to market conditions.

It is noted that the Goldman Sachs International acts as sole general coordinator and co-promoter for the promotion.