Newsroom
Press Release
Press Release

White & Case Advises Polenergia on More-Than PLN 1 Billion Public Shares Offering

Global law firm White & Case LLP has advised Polenergia S.A., Poland’s largest privately held, vertically integrated energy group, on its more-than PLN 1 billion public offering of AA series shares.

A total of 21,358,699 new ordinary bearer shares will be issued which, at a fixed price of PLN 47 per share, will allow Polenergia to raise more than PLN 1 billion. Approximately 24 percent of the shares were offered to Mansa Investments sp. z o.o., and around 51 percent to Brookfield Renewable Partners LP. The remaining shares were offered to other investors.

The proceeds will be used for the development and construction of zero-emission energy sources including offshore wind projects, onshore wind farms and photovoltaic farms, the development of electromobility, development and acquisitions in selected business areas and repayment of a short term loan to finance onshore wind farms.

The White & Case team in Warsaw which advised on the transaction included partner Rafał Kamiński and associates Monika Dużyńska and Michał Truszczyński.

Press contact
For more information please speak to your local media contact.