€50 MILLION RAISED; MARKET CAPITALISATION OF €201 MILLION
Brussels – 31 March 2021 – Euronext today congratulates Ekopak, an ESG-driven water solution company, on its listing in Compartment B of Euronext’s regulated market in Brussels (ticker code: EKOP). Ekopak joins a franchise of 94 cleantech companies listed on Euronext markets, representing a cumulated market capitalisation of approx. €69 billion (as end of Feb. 2021).
Ekopak is a Belgian ESG-driven water solution company that helps companies optimize their legacy water consumption and reduce costs by transforming off-grid water resources into cleaner water that can be used and re-used in industrial processes.
Ekopak was listed through the admission to trading of 14,351,428 shares. The admission and issue price of Ekopak’s shares was set at €14 per share. Market capitalisation was €201 million on the day of listing. The transaction raised approx. €50 million.
The proceeds of the transaction will be used to support the roll-out of Ekopak’s Water-as-a-Service (WaaS) business, support working capital requirements for its non-WaaS business and fund potential M&A opportunities as well as for general corporate purposes.
Pieter Loose, CEO of Ekopak, declared: “Our world needs a new mindset for the world’s water crisis. That’s why Ekopak wants to revalue water in an ecological and economical way. We offer solutions to minimize the extraction of process and drinking water, and maximize both purification and recycling. We believe that Ekopak will meet this future challenge, under the banner Reduce – Reuse – Recycle.”
Pieter Loose, CEO of Ekopak, rang the bell at Euronext Brussels to celebrate the company’s listing
About Ekopak Ekopak is a Belgian company that recycles and revalues water. Our services create the certainty of an uninterrupted water supply for our customers. This is important both for process water used in production facilities, as well as for drinking water in private homes.