on ENTECH (EPA:ALESE)
Entech raises €15 million in convertible bonds for its expansion
Entech, a company specializing in the storage and intelligent management of renewable energy, has announced a €15 million fundraising through the issuance of convertible bonds. This transaction is part of the 2029 strategic plan aimed at accelerating the deployment of its Energy & Services business, both in France and internationally.
The issue, with an annual interest rate of 5%, will be carried out in two tranches, subscribed by Eiffel Investment Group and Vatel Capital, for €8 million and €7 million respectively. The bonds will be converted at a price of €10.50, representing a 39.6% increase over the market price on June 24, 2025, thus demonstrating investor confidence.
The funds will be used to support the development of photovoltaic production and energy storage sites. Entech is relying on minority or majority stakes and partnerships to carry out these strategic projects.
R. P.
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