Profil:
PKN Orlen SAEnerga power sees benefits of stock market presence in capital access
Poland's largest energy concern Orlen's subsidiary, power utility Energa, recognises the advantages of being listed on the Warsaw Stock Exchange, particularly in terms of capital access, Energa's deputy CEO Roman Szyszko told a press conference.
Szyszko stressed that one cannot envision energy transformation without increasing equity capital.
"We must view the Warsaw Stock Exchange to achieve our goals. In our opinion, the primary role of the WSE is to provide financing sources for development," he said.
"From this perspective, we believe that Energa's value as a publicly listed company is significant, especially given the projected investment amounts in the energy sector," the deputy CEO added.
He continued that various financing pathways should be available, and that the development of Poland's electricity sector cannot happen without raising equity capital.
"A stable, efficient, infrastructure-based, and renewable Energa listed on GPW seems to be an asset worth leveraging in the future," Energa's deputy CEO noted.
Energa has been listed on the Warsaw Stock Exchange since December 2013. As of April 30, 2020, Orlen became the dominant shareholder of Energa, holding approximately 90.9 percent of the company's shares, which gives it about 93.3 percent of voting rights at the general meeting.
pel/ nl/ ao/
