- €175 million raised successfully
- 15th SPAC listing on Euronext’s markets in 2021
- 10th SPAC listing on Euronext Amsterdam markets this year
Amsterdam – 19 July 2021 – Euronext today congratulates Energy Transition Partners (ENTP), a Special Purpose Acquisition Company (SPAC), on its listing on Euronext Amsterdam (ticker code: ENTPA). It is the 10th SPAC listing on Euronext Amsterdam in 2021, and the 15th SPAC on Euronext’s markets this year.
ENTP was created to acquire a business or company operating in the energy transition sector in the European Economic Area, Switzerland, or the United Kingdom. The newly listed SPAC is sponsored by Energy Transition Sponsor LLP. The Sponsoring LLP was co-founded by ENTP’s two executive Directors, Tony Hayward and Tom Daniel, and co-founder Alex Beard.
At opening, the share price was set at €10 per share. ETP successfully raised €175 million through its Initial Public Offering.
Tony Hayward, Chairman, CEO and Co-Founder of ENTP, said: “Climate change represents a profound challenge and opportunity for the global energy industry. The team at ENTP see significant opportunities as the way energy is generated, distributed, stored, managed and consumed undergoes dramatic change.”
Alex Beard, Co-Founder of ENTP, emphasised: “We are looking to help a promising company fulfil its growth potential, drive change in the sector and unlock significant value, whilst maintaining a high degree of deal discipline.”