Offshore wind contractor Deme Group has listed on the Euronext Brussels stock exchange.
Deme’s listing will give the group the “necessary and direct visibility to drive its strategy and ambitions forward”, said Deme Group CEO Luc Vandenbulcke.
The company was admitted on Euronext Brussels (Compartment A) through the admission to trading of the 25,314,482 ordinary shares making up its equity, following the partial demerger of CFE.
On 2 December 2021, CFE announced its intention to split into two separate listed entities, Deme Group (global marine solutions) and CFE (construction, multitechnics and real estate development activities). A
Ackermans & van Haaren will remain the majority shareholder of the two listed companies.
Vandenbulcke added the listing “will also unlock the full potential of the Group and realise its true value.”
He said: “We are convinced the listing is a great opportunity for our company, our clients, investors, shareholders, and our entire team of employees.
“As a publicly-listed company, our goal remains to grow our geographical footprint in all segments of the DEME Group, while keeping sustainability and safety at the absolute core of our operations.”
In 2021 DEME realised a turnover of €2.51bn and an EBITDA of €469m.