Market cap €766 million
Paris – 24 November 2015– EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs,today congratulated Direct Energie, a key player in the French energy market, on its listing in Compartment B of the regulated market at Euronext Paris.
France’s third-largest power group, Direct Energie is the French market’s no. 1 independent supplier of electricity and natural gas. It serves all client profiles, from homeowners to professionals, businesses and local authorities. For over 11 years, Direct Energie has built a successful business by leveraging its technical expertise, outstanding client relations and innovative flair. It is now moving into international markets as well, starting with Belgium in 2014.
Direct Energie (ticker symbol: DIREN) was listed through the admission to trading of the 40,792,965 ordinary shares making up the company’s equity following its transfer from Alternext. Market capitalization was €775 million on the day of listing.
Xavier Caïtucoli, Chairman and CEO of Direct Energie, said: “We are delighted to transfer to Compartment B at Euronext Paris. The move will bring us new resources to finance growth, while boosting our shares’ liquidity and raising our profile all around.”
Eric Forest, Chairman and CEO of EnterNext added: “We welcome Direct Energie to Euronext. Listing will raise the group’s profile on European capital markets and give it access to a broader, more diversified pool of investors as it accelerates the roll-out of its business strategy.”
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About Direct Energie
Direct Energie is France's third-largest electricity and gas provider, serving more than 1.5 million customers sites (residential and businesses) in France and Belgium (under the Poweo brand name). Direct Energie has also developed offers for companies and local authorities, with more than 100,000 delivery points. As an integrated energy group, Direct Energie produces and supplies electricity and gas, and offers energy services to customers. In 2014, the Group generated turnover in excess of €810 million and delivered 8.4TWh of energy. Direct Energie's success has been underpinned for more than the past decade by its technical expertise, excellent customer relationships and capacity for innovation. For more information, visit our website www.direct-energie.com