Oslo, 9 February 2021 – Cambi has today been admitted to trading on Euronext Growth (ticker code: CAMBI).
Cambi delivers solutions for sewage sludge and organic waste management. “Ever since 1992, Cambi has been working hard to develop the thermal hydrolysis process into an established technology for the treatment of wastewater solids and organic wastes. I am proud to see Cambi in better shape than ever before, with excellent prospects for growth,” says Per Lillebø, President and CEO of Cambi in this listing video.
Recently, Cambi raised NOK 415 million through a private placement. The placement included NOK 302 million in new shares and NOK 112 million in sales of existing shares, and was multiple-times oversubscribed, reported Cambi. “We were pleased to see great interest from Nordic, European and global investors. This indicates that we have been successful in communicating the tremendous growth opportunities we see for Cambi in the coming years,” continues Eirik Fadnes, CEO of Cambi, in the video.
“Raising equity and the listing on Euronext Growth are important steps for Cambi. Especially towards realizing two key aspirations: to own and operate the facilities we deliver, and to expand our recycling business,” says Maarten Kanters, Managing Director, Cambi Invest.
The shares in the new issue were sold at NOK 14.40 corresponding to a market capitalisation of NOK 2.3 billion.
About Cambi Cambi ASA is the inventor and leading supplier of the thermal hydrolysis process (THP), a patented solution for advanced anaerobic digestion of sewage sludge and organic wastes. Since 1992, Cambi has been delivering proven, scalable, and standardised technologies that efficiently transform organic matter into biogas and fertiliser. Cambi facilitates a swift global transition to sustainable communities, improving the environment and addressing the problems of the water-food-energy nexus. www.cambi.com