ABO-Group joins Euronext

PUBLISHED: Apr 02 2014 @ 14:25 | Comments (0) |

Easy as ABO

Euronext Brussels S.A./N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE:ICE), welcomed today ABO-Group on its regulated market.

ABO-Group’s entry on Euronext Brussels’ market occurred through the reverse takeover of Thenergo, a developer, operator and service provider in the context of energy projects. ABO-Group manages a group of companies in Belgium, France and the Netherlands that are specialised in research, studies and advice concerning the soil, energy, waste, environment/water and geotechnics.

The shareholders of ABO Holding NV contribute for 100 % in the shares in the capital of Thenergo at a value of 24,898,000 EUR, and ParticipatieMaatschappij Vlaanderen (PMV) contributes for 1,237,500 EUR from the outstanding balance of its loan that totals 1,495,727 EUR, in the capital of Thenergo. The two contributions take place at an exchange price of 0.01 EUR per share. The shareholders of the ABO Holding company are acquiring more than 94 % of the shares of the new ABO-Group as a result of their contribution.

Vincent Van Dessel, CEO of Euronext Brussels declared: “Euronext welcomes ABO-Group to Euronext Brussels. ABO-Group’s listing raises its visibility with investors in Europe. We congratulate ABO-Group on its listingand look forward to a long-standing partnership with the company and its shareholders”.

Alain Baetens, Head of Listings of Euronext Brussels said: “We are delighted with ABO-Group’s listing on Euronext Brussels and congratulate the company in joining our European markets. We are confident that this listing will benefit ABO-Group in terms of depth of liquidity, international visibility and additional access to new financing sources.”

Frank De Palmenaer, CEO of ABO-Group stated: “We want to be the Belgian engineering and consulting group, who, through its in-house expertise, can undertake the largest projects globally thanks to the drive and relentlessness of its experts and specialists, to whom we offer more than challenging jobs.”

To celebrate the entry of ABO-Group on Euronext Brussels, Frank De Palmenaer, CEO of ABO-Group, rang the bell to open trading on Euronext’s European market. He was accompanied by Vincent Van Dessel, CEO of Euronext Brussels and Alain Baetens, Head of Listings of Euronext Brussels.

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