Cenergy Holdings begins trading on Euronext Brussels


Brussels, 21 December 2016 – Euronext Brussels today celebrated the first trading of the shares of Cenergy Holdings, a Belgian public limited liability company active in the fields of steel pipes and cables production. Cenergy Holdings SA is born from the cross-border merger by absorption of the Greek listed companies Corinth Pipeworks and Hellenic Cables. Cenergy Holdings is listed on both Euronext Brussels (Compartment C) and the Athens Stock Exchange.

With an initial reference price set at € 0.61 per share, Cenergy Holdings reaches a total market capitalisation of € 116 million.

This cross-border merger is designed to enable Corinth Pipeworks and Hellenic Cables to group their financial leverage and business outreach. Corinth Pipeworks manufactures steel pipes and hollow sections for the oil and gas and construction sectors. Hellenic Cables manufactures power, telecommunication and submarine cables, as well as enamelled wires and compounds. As a listed company, Cenergy Holdings will gain access to the international financial markets to help enhance the competitiveness of its underlying companies and confirm their development and investment prospects.

Stratos Thomadakis, CFO and Member of the Board of Directors of Cenergy Holdings, declared: “Today’s listing of Cenergy Holdings’ shares on Euronext Brussels represents the culmination of the efforts to combine the strengths of Corinth Pipeworks and Hellenic Cables, in order to take advantage of the achievements, financial leverage and business outreach. With enhanced access to international financial markets, Cenergy Holdings is well positioned to further improve the competitiveness  of its offering and realise its growth potential. We look forward to progressing our future plans and strategy aimed at achieving sustainable growth and creating value for our shareholders.”

To celebrate this first trading day, Stratos Thomadakis, CFO and Member of the Board of Directors of Cenergy Holdings, rang the Euronext bell to open the markets.

Press Release Footer

About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2024, Euronext N.V. - All rights reserved.