Strong interest in Cenergy public offering

On Tuesday, the first day of its new shares' public offering, Cenergy Holdings recorded strong investment interest from the US, where the 200 million euros of the share capital increase will be directed. The process will be completed on Thursday.

Most of the funds to be raised, as already announced, will be used to finance the investment in Baltimore, which is the first phase of the development of a wider investment plan by parent group Viohalco, the implementation of which will be re-evaluated at a later stage and based on the needs of the American market.

This second phase of development concerns the production of underwater cables, a sector in which Cenergy Holdings leads internationally with Hellenic Cables and the Corinth factory, which is one of the best in the world and the largest in Europe.

Cenergy's entry into the US market begins with the...