ABG Sundal Collier acted as joint bookrunner in the NOK 400m private placement in Quantafuel

On Friday, 28 January 2022, Quantafuel ASA (the “Company”) announced the successful completion of a primary private placement of NOK 400 million priced at NOK 25.00 per share (the “Private Placement”). The net proceeds from the Private Placement will be used for additional growth projects. The announced investment in the Esbjerg sorting plant will consume the majority of the proceeds. In addition, the Company is expected to use a portion of the proceeds for initial investments in the plastic-to-liquid plants in Dubai and UK, as well as for general corporate purposes. The Company’s largest shareholder, KIRKBI Invest A/S, was allocated NOK 100m in the Private Placement.
ABG Sundal Collier acted as joint lead manager and joint bookrunner in the transaction.