Greenberg Traurig has advised sole global coordinator and bookrunner Santander Bank Polska on Polenergia’s PLN 750 million share issuance.
Polenergia is a Polish private energy group consisting of vertically integrated companies that generate energy from conventional and renewable sources, distribute, trade, and sell electricity to retail and business customers.
According to Greenberg Traurig, “Polenergia will use the proceeds from the offering to finance investment projects as part of the implementation of the strategy of the Polenergia Group for 2020-2024. The funds from the issue will be used primarily for the further development of the offshore wind farms MFW Baltic I, MFW Baltic II, and MFW Baltic III, but also for onshore wind and photovoltaic projects, as well as hydrogen projects and the development of the electromobility sector.”
The Greenberg Traurig team included Partner Rafal Sienski, Senior Associate Grzegorz Socha, and Junior Associate Kamil Nagawski.
Editor's Note: After this article was published, DLA Piper announced that it had advised Polenergia. The firm's team included Partner Jakub Domalik-Plakwicz, Counsel Marek Kleczekm, Lawyer Wojciech Kalinowski, Associate Arkadiusz Karwala, and Junior Associate Dominik Mizerski.
