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Czech News in English » Business » Avant Energy invests into PPC Energy, plans IPO

Avant Energy invests into PPC Energy, plans IPO

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Investment fund AVANT ENERGY, from investment company AVANT Investiční Společnost’s portfolio, has invested into Slovak firm PPC Energy. This is the fund’s first investment. NATLAND Group, the majority shareholder in AVANT Investiční Společnost and co-founder of AVANT Energy, has participated on the project’s financing. The acquisition included the firm PPC Investments, which runs a block of a co-generation power plant with combined gas-steam cycle. The investment fund plans to seek further investment opportunities in energy industry in the future. AVANT’s board of directors chairman Pavel Doležal has stated that the fund is considering financing acquisitions with new shares, incl. a planned IPO at the Prague Stock Exchange’s Standard market.

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