Industrie De Nora to Launch IPO This Month
June 06 2022 - 3:09AM
Dow Jones News
By Ed Frankl
Italian green-hydrogen specialist Industrie De Nora SpA said
Monday it intends to list its shares in Italy by the end of
June.
The listing at the Euronext exchange in Milan will consist of
newly issued ordinary shares via a capital increase as well as a
sale of shares by major shareholders the De Nora family and Snam
SpA, the Milan-based company said.
The offering will also be composed of a private placement
reserved for "qualified investors" in Italy, alongside
institutional investors world-wide, De Nora said.
The proceeds from the capital increase will be used to support
its strategy, including funding organic growth, funding
acquisitions and strengthening its share capital, the company
said.
The total number of shares to be offered will be decided before
the launch, it said.
De Nora is a supplier for the production of green hydrogen
through electrolysis, which splits water into hydrogen and
oxygen.
Earlier this year, De Nora's joint venture with Thyssenkrupp AG
rebranded as Nucera as it prepared for its own initial public
offering this year.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
June 06, 2022 02:54 ET (06:54 GMT)
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