Nel currently has a 19.9 percent stake in Everfuel. That could change as Everfuel plans to go public. The company plans to issue 13.2 million shares as part of a capital increase. The subscription price per Everfuel share is NOK 22.00. The company is valued at 1.32 billion NOK.
The new shares will go to various investors as part of a private placement that will run until October 21. Three anchor investors, Saga Tankers, Luxor Personal-Financial.com and BankInvest, plan to subscribe to Everfuel shares worth NOK 120 million. The previous shareholders E.F. Holding (previous stake 80.1 percent) and Nel want to subscribe for shares with a volume of NOK 3.2 million. BNP Paribas Asset Management plans to buy shares worth NOK 4.0 million.
As a result, there will be a listing on the stock exchange in Oslo (Norway). The goal is the Mercury segment. The initial listing is expected to take place on October 29th.
Thanks to the capital increase, the Everfuel fund will receive a gross amount of NOK 290.2 million. With the fresh money Everfuel wants to advance the expansion in Norway, Sweden, Denmark, Germany, Belgium and the Netherlands. Money should also be invested in research.