Cogefeed Debuts on Euronext Growth Milan, Advancing its Renewable Energy Expansion

Cogefeed Debuts on Euronext Growth Milan, Advancing its Renewable Energy Expansion

(IN BRIEF) Cogefeed has officially listed on the professional segment of Euronext Growth Milan, marking its entry as the 18th company on this market in 2024 and the 39th listing on Euronext overall this year. Known for its focus on sustainability and green energy, Cogefeed raised €0.3 million during its IPO, achieving a market capitalization of €3 million. The company’s CEO, Daniele Filizola, highlighted that this listing will help support Cogefeed’s expansion in renewable energy production, particularly by growing its portfolio in southern Italy.

(PRESS RELEASE) MILAN, 31-Oct-2024 — /EuropaWire/ — Borsa Italiana, a member of the Euronext Group, today celebrated the listing of Cogefeed on the professional segment of Euronext Growth Milan, marking a significant milestone for the Italian company known for its contributions to the sustainability and green economy sector. Through its subsidiary FG Esco, Cogefeed owns and operates a hydroelectric power plant in Porto Recanati, and this new listing will support its ambitious goals in renewable energy production.

This IPO marks the 18th listing of 2024 on Euronext Growth Milan and the 39th overall for Euronext this year. During the placement phase, Cogefeed successfully raised €0.3 million, achieving an initial market capitalization of €3 million, with a free float of 10.58% at admission.

Daniele Filizola, Chairman and CEO of Cogefeed, emphasized that the listing on Euronext Growth Milan’s professional segment represents a pivotal move for the company’s strategy to grow its renewable energy footprint. Filizola highlighted that this step will not only enhance Cogefeed’s access to the capital market but also create valuable opportunities to expand its portfolio of energy production facilities, particularly across southern Italy, and reinforce its expertise and value for stakeholders.

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