Ignitis begins investor education hoping for ESG bid

wind farm_baltic_coast_Adobe_575x375_sep11
By Sam Kerr
11 Sep 2020

Ignitis Grupe, the state-owned Lithuanian energy and utility company, has begun marketing its IPO and is hoping that interest from investors concerned with environmental, social and governance [ESG] factors will lead to a higher valuation.

The global coordinators are JP MorganMorgan StanleySwedbank in cooperation with Kepler Chevreaux and UBSBank of America is a joint bookrunner.

Ignitis, the largest utility in the Baltics, is focused on the transition to green energy across the region.  It achieved a 96% reduction in generation-based carbon dioxide ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial