Press Release
Green Tech International S.A. successfully completes the IPO, secures strategic investment, and is listing on the Bucharest Stock Exchange on February 7th, 2025
February 6th, 2025
Green Tech International S.A. (BVB ticker: GREEN), (“the Company” or “GreenTech”) the owner of one of the largest portfolio of deep geothermal wells in Europe, and a platform for geothermal energy solutions, announces the successful completion of its Initial Public Offering (IPO) on the Regulated Market of the Bucharest Stock Exchange. The offering, priced at RON 15.00 per share (approximately EUR 3 per share), values the company at RON 1199 million (EUR 241 million). It also paved the way for accessing an EUR 135 million Subscription Facility with GEM Global Yield LLC SCS, an alternative investment group specializing in emerging markets worldwide. Trading on the Bucharest Stock Exchange will commence on February 7th , 2025. Geothermal energy, with GreenTech owning and managing 300 MWt, is a renewable and sustainable resource that provides a consistent output for over 8,300 hours annually. This reliability offers a significant advantage compared to solar or wind energy.
Horia Pitulea, CEO Green Tech International:
„Green Tech International has entered the Romanian capital market with the goal of becoming a leading provider of sustainable energy solutions to support the decarbonization of critical EU sectors, particularly Data Centers, Sustainable Horticulture, and District Heating. Through our planned projects, we aim to reduce CO2 emissions by more than 500,000 tons annually. As we scale up in these sectors, this reduction is expected to exceed 1 million tons per year. We deliver eco-friendly thermal energy solutions tailored to sectors with high energy demands, leveraging one of the largest geothermal well portfolios in the EU, with a total installed capacity of 300 MWth. Over the next three years, we plan to invest EUR 500 million in innovative projects, including zero-emission food production, sustainable data centers, and carbon-free district heating systems. Our team of experienced geologists and drilling engineers has in-depth knowledge of European geothermal resources, enabling us to expand our business model to other countries with geothermal potential. Green Tech International is dedicated to achieving both strong financial performance and measurable environmental impact, positioning itself as a successful and sustainable publicly listed company.” The IPO was managed by Swiss Capital S.A. The Company signed and has available an EUR 135 Million Share Subscription Facility Agreement with GEM Global Yield LLC SCS (“GEM”), a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world, having completed over 570 transactions in 70 countries. GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile, providing GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPE’s) and select venture investments. For information: www.gemny.com
About Green Tech International
Green Tech International S.A. is a European leader in geothermal energy, boasting over 12 years of experience in developing and managing 83 deep geothermal wells—42 directly owned and 41 under management—comprising one of the largest portfolios in Europe. With 300 MWth of installed heating and cooling capacity, the company is positioned to capitalize on its substantial, geologically risk-free resources by investing in downstream industries that offer optimal synergies: Sustainable Food, District Heating, and Cooling Solutions for Data Centers. All GreenTech investments focus on synergistic industries where products require significant amounts of heat and cooling—resources that the company has in abundant and readily available supply. In line with its growth and sustainability strategy, Green Tech International successfully completed an initial public offering (IPO) on the Bucharest Stock Exchange in December 2024.
More details at: https://green-tech.energy/
