23 Jun 2026
Viohalco launches 3% placement in Cenergy
- RE+D Magazine
Viohalco is proceeding with the sale of approximately 6 million shares in Cenergy Holdings, representing around 3% of its share capital, through an accelerated private placement (accelerated bookbuilding) to institutional investors.
As announced by Viohalco, the transaction concerns exclusively existing shares and is primarily aimed at broadening Cenergy’s free float, as well as meeting the increased demand recorded from long-term institutional investors.
Viohalco remains the principal shareholder of Cenergy, currently holding approximately 69.7% of the company’s share capital. Upon completion of the placement, its stake will be reduced to approximately 66.7%, while still maintaining strong control over the listed company.
As part of the transaction, Viohalco has agreed with Goldman Sachs International, acting as Sole Global Coordinator, to a 180-day lock-up period during which it will not dispose of additional Cenergy shares following the completion of the placement, subject to customary exceptions.
This commitment is intended to ensure post-transaction share price stability and is standard practice in similar institutional placements.
No proceeds for Cenergy
Cenergy Holdings will not raise any new capital from the process, as this is a purely secondary transaction between an existing shareholder and investors.
The final placement price will be determined through an accelerated bookbuilding process, which commenced immediately after the announcement, with Goldman Sachs retaining the right to close the order book at any time it deems appropriate.
Strong investor interest
The move comes at a time when Cenergy is attracting significant investor attention, due to its strong presence in the energy cables and steel pipes sectors, as well as its exposure to major energy interconnection projects, grid infrastructure, and renewable energy developments.
The expansion of the free float is expected to further enhance the stock’s liquidity and increase the company’s attractiveness to larger international investment portfolios.
The transaction is coordinated by Goldman Sachs as Sole Global Coordinator and Joint Bookrunner, with BofA Securities Europe acting as Joint Bookrunner and Piraeus Securities as Co-Lead Manager.
Following completion of the process and determination of the final placement price, a further announcement is expected regarding the results of the placement.