The French Arverne dreams of becoming a future energy major

2023-09-18T17:18:45.164Z

Highlights: Arverne Group will land with great fanfare at Euronext Paris on Tuesday. More than 150 million euros raised on this occasion, making it the largest fundraising on the Paris Stock Exchange since the beginning of the year. Created in 2018 by Pierre Brossollet, who spent twenty years in the world of oil at Total and Maurel & Prom. "Our vocation is to make the subsoil a major player in the energy transition," says Brossolet.

This specialist in geothermal energy and lithium will raise more than 150 million on the occasion of its IPO.

An accelerated IPO. More than 150 million euros raised on this occasion, making it the largest fundraising on the Paris Stock Exchange since the beginning of the year. Arverne Group will land with great fanfare at Euronext Paris on Tuesday.

This operation is made possible by the use of the Spac technique, which makes it possible to merge an already listed company with cash but no activity with another that carries out a real activity. This Tuesday, there will be a merger between Transition SA, the Spac set up in particular by Xavier Caïtuccoli, founder of Direct Énergie, and the investment banker Erik Maris, and Arverne Group.

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Created in 2018 by Pierre Brossollet, who spent twenty years in the world of oil at Total and Maurel & Prom, Arverne Group aims to produce next-generation energy. "Our vocation is to make the subsoil a major player in the energy transition," explains Pierre Brossollet, now president of Arverne Groupe, to Le Figaro

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Source: lefigaro

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