DEME Group lists on Euronext Brussels

Back

Initial market capitalisation of €2.43 billion

Brussels – 30 June 2022 – Euronext today congratulates DEME Group, a world leader in dredging, offshore energy, marine infrastructure and environmental solutions, on its listing on Euronext Brussels (ticker code: DEME). DEME will join a franchise of 69 companies from the Construction & Materials sector listed on Euronext markets, with an aggregated market capitalisation close to €224 billion (as of 20 June 2022).

With more than 145 years of experience and about 5,000 highly skilled professionals, DEME has built up a vast bank of knowledge and expertise which has allowed the company to foster a pioneering approach throughout its history and to bring tailor-made solutions, innovation and new technologies to its customers. DEME’s mission is to work towards a sustainable future by offering solutions for global challenges: rising sea levels, a growing population, the reduction of emissions, polluted rivers and soils and the scarcity of mineral resources. While DEME’s roots are in Belgium, the company has built a strong presence across the globe and has a versatile and modern fleet of more than 100 vessels, supported by a broad range of auxiliary equipment.

DEME Group was admitted on Euronext Brussels (Compartment A) through the admission to trading of the 25,314,482 ordinary shares making up its equity, following the partial demerger of CFE. On December 2, 2021, CFE announced its intention to split into two separate listed entities: DEME Group (global marine solutions) and CFE (construction, multitechnics and real estate development activities).

The admission and issue price of DEME shares was set at €96 per share. Market capitalisation was €2.43 billion on the day of admission.

Luc Vandenbulcke, CEO of DEME Group, said: “The listing on Euronext Brussels will give the DEME Group the necessary and direct visibility to drive its strategy and ambitions forward. It will also unlock the full potential of the Group, and realise its true value. We are convinced the listing is a great opportunity for our company, our clients, investors, shareholders, and our entire team of employees. As a publicly listed company, our goal remains to grow our geographical footprint in all Segments of the DEME Group, while keeping sustainability and safety at the absolute core of our operations.”

DEME Group - Bell ceremony picture.jpg

Caption: Luc Vandenbulcke, CEO of DEME Group, and his team rang the bell during a ceremony this morning in the presence of Vincent Van Dessel, CEO and Chairman of Euronext Brussels, to celebrate the listing of the company.

About DEME DEME (Euronext Brussels: DEME) is a leading contractor in the fields of offshore energy, environmental remediation, dredging and marine infrastructure. DEME also engages in concessions activities in offshore wind, marine infrastructure, green hydrogen, and deep-sea mineral harvesting. The company can build on more than 145 years of experience and is a front runner in innovation and new technologies. DEME’s vision is to work towards a sustainable future by offering solutions for global challenges: a rising sea level, a growing population, the reduction of emissions, polluted rivers and soils and the scarcity of mineral resources. DEME can rely on about 5,000 highly skilled professionals and operates one of the largest and most technologically advanced fleets in the world.deme-group.com

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 close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, 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).

Disclaimer
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.

© 2022, Euronext N.V. - All rights reserved.