Milbank LLP advised the underwriters on a global offering by Cenergy Holdings S.A. (“Cenergy,” and together with its subsidiaries, “Cenergy Group”) of 22,222,222 new ordinary shares, which included retail offerings in Greece and Belgium and an internationally marketed institutional offering. The transaction generated gross proceeds of approximately €200 million.
Cenergy Group specialises in the design, manufacturing and sale of cable products and steel pipes, with a focus on the sustainable manufacturing of high-quality, circular and innovative products and solutions. Cenergy’s products and solutions, which cover a range of dynamic markets, such as energy transmission, renewable energy sources, gas and liquid fuels, telecommunications, industrial applications and construction, are sold in more than 50 countries across Europe, America, Asia and Africa. Cenergy’s shares are admitted to trading on the regulated market of Euronext Brussels and the Main Market of the Regulated Securities Market of the Athens Exchange.
The Milbank team was led by Corporate Finance & Securities partners David Dixter and Apostolos Gkoutzinis and associates Alexia Pimbli and Harshavardhan Sunder, and included legal assistants Alexander Hamilton and Olga Maria Efstathiou. US Tax partner Andrew Walker and associate Michael Rivkin and UK Tax partner Alan Rafferty and associate Liam Markham provided tax advice.
