Euronext Brussels welcomes ABO-Group Environment


Brussels – 31 March 2014 – Euronext Brussels S.A./N.V., a wholly owned subsidiary of IntercontinentalExchange Group, Inc. (NYSE: ICE), welcomed today ABO-Group on its regulated market.

ABO-Group’s entry on Euronext Brussels’ market occurred through the reverse takeover of Thenergo, a developer, operator and service provider in the context of energy projects. ABO-Group manages a group of companies in Belgium, France and the Netherlands that are specialised in research, studies and advice concerning the soil, energy, waste, environment/water and geotechnics.

The shareholders of ABO Holding NV contribute for 100 % in the shares in the capital of Thenergo at a value of 24,898,000 EUR, and ParticipatieMaatschappij Vlaanderen (PMV) contributes for 1,237,500 EUR from the outstanding balance of its loan that totals 1,495,727 EUR, in the capital of Thenergo. The two contributions take place at an exchange price of 0.01 EUR per share. The shareholders of the ABO Holding company are acquiring more than 94 % of the shares of the new ABO-Group as a result of their contribution.

Vincent Van Dessel, CEO of Euronext Brussels declared: “Euronext welcomes ABO-Group to Euronext Brussels. ABO-Group’s listing raises its visibility with investors in Europe. We congratulate ABO-Group on its listingand look forward to a long-standing partnership with the company and its shareholders”.

Alain Baetens, Head of Listings of Euronext Brussels said: “We are delighted with ABO-Group’s listing on Euronext Brussels and congratulate the company in joining our European markets. We are confident that this listing will benefit ABO-Group in terms of depth of liquidity, international visibility and additional access to new financing sources.”

Frank De Palmenaer, CEO of ABO-Group stated: “We want to be the Belgian engineering and consulting group, who, through its in-house expertise, can undertake the largest projects globally thanks to the drive and relentlessness of its experts and specialists, to whom we offer more than challenging jobs.”

To celebrate the entry of ABO-Group on Euronext Brussels, Frank De Palmenaer, CEO of ABO-Group, rang the bell to open trading on Euronext’s European market. He was accompanied by Vincent Van Dessel, CEO of Euronext Brussels and Alain Baetens, Head of Listings of Euronext Brussels.

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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 €6.5 trillion in market capitalisation as of end June 2023, 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.  
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