Italian cogen firm to enter UK market

In a move aimed at entering the UK market, Italy’s Cogenpower is set to float its stock on the London Stock Exchange’s alternative investment market (AIM) this week.

The firm operates gas- and biomass-fired combined heat and power (CHP) plants and CHP-based district heating networks in Italy.

Cogenpower aims to raise à‚£1 million ($1.44 million) through listing 5,000,000 shares at 20 pence per share, with an expected market capitalization of à‚£10 million.

à‚ ‘The UK is a very a good market for what we do,’ said Francesco Vallone, CEO of Cogenpower, in an interview with UK business news site City A.M. ‘The policies that the UK government has launched are very, very exciting for us.’

No posts to display