povratak
ENNA prepares for IPO, orienting exclusively on the green agenda and starting a cycle of investment in green projects in Croatia worth more than a billion euros
During 2022., ENNA Group has started a new strategic period that will mark a strong investment cycle. The company develops large projects in the segment of renewable energy sources, primarily solar and geothermal energy sources.
Energia naturalis (ENNA) begins the process of preparing for the first public offering of shares on the capital market (IPO), as well as the investment process worth more than one billion euros. It is expected that the process of entering the capital market could take five years, and the Zagreb Stock Exchange is also being considered, which would be a significant contribution to the development of the domestic capital market.
This continues the process of changing the corporate structure and diversification of business that ENNA Group has been carrying out for the past six years, investing in new business segments and strengthening divisions whose operations are fully aligned with the goals of the European Union in achieving a low-carbon economy. The company's focus remains exclusively on business divisions consisting of renewable energy sources, transport and logistics, along with food, and in the future it will focus even more strongly on the values of energy independence, sustainability and self-sufficiency in food production and distribution.
During 2022., ENNA Group has started a new strategic period that will mark a strong investment cycle. The company develops large projects in the segment of renewable energy sources, primarily solar and geothermal energy sources.
Investments in the development of transport and logistics through railway cargo transport and ports continue, especially through the strategically important Rijeka Gateway project, which aspires to become a new Central European logistics hub and the most important container terminal on the Adriatic. Rijeka Gateway is a joint project of ENNA Logic and APMT, a company within the Maersk Group with strong multiplier effects on the future growth of Croatian GDP. The investment is ultimately worth 480 million euros and it will bring more than one million new container units to the future terminal in the port of Rijeka, which will have a direct positive effect on the budget of the Republic of Croatia through customs revenues.
In the last two years, the company ENNA Opskrba has profiled itself as one of the most important traders in green electricity and intends to develop further in this direction. Ambitious projects are planned that will bring energy management services to the market, as well as new significant partnerships with renowned global companies.
In the food sector, our efforts are directed through the company ENNA Fruit, which strives to stimulate the increase of domestic agricultural production and guarantees and organizes the purchase and marketing of the goods of domestic agricultural producers. ENNA Fruit intends to strengthen its support to local fruit and vegetable producers and in the coming period achieve sustainability through increasing production and quality in the fruit and vegetable segment in Croatia, and for the first time Croatian food producers will get a structured channel for exporting local food to foreign markets.
The company Prvo plinarsko društvo d.o.o. (PPD), the former flagship of the ENNA group, which also has companies in several European countries, is in this process of leaving the composition of the Energia naturalis group. PPD currently has developed operations in Switzerland, Italy, Hungary, Slovenia and Romania, and 70 percent of its revenues are generated on foreign markets. Although the company has recorded strong growth in revenues abroad in recent years, they are significantly conditioned by volatile gas prices on global markets. Profit does not follow revenue growth, and the gross margin achieved in recent years is stable. The new structure will enable PPD to grow sustainably and expand operations in existing and new European markets.
The headquarters of the company remains in Vukovar and from now on it will be directly owned by Mr. Vujnovac's company called Blue Horizon, also based in Vukovar.
Based on the new structure, the ENNA group expects significant interest from the capital market during the stock listing process, which is fully focused on financing sustainable business models and green projects.
