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TECO 2030 Admitted to Trading


The cleantech company TECO 2030 has today been admitted to trading on Merkur Market (ticker code: TECO-ME).

TECO 2030 is an engineering and equipment development company with focus on a greener and cleaner environment. Recently, the company raised NOK 80 million through a private placement.

“The financial community is now seeing great value-creating opportunities in cleantech, and I am extremely pleased with the interest from quality investors. The IPO will enable us to play our part in solving one of the greatest environmental puzzles of our time: How to drastically reduce emissions from an ever-increasing global shipping fleet,” said Tore Enger, CEO of TECO 2030 ASA, after the successful completion of the bookbuilding

The shares in the offering were sold at a fixed priced of NOK 40 per share, corresponding to a pre-money equity value of NOK 480 million.

About TECO 2030

TECO 2030 ASA is an innovative engineering and equipment development company with focus on a greener and cleaner environment. Our core objective is to develop high quality, cutting edge and cost-effective solutions to significantly reduce ecological impact of maritime pollution. TECO 2030 is striving in a fast-paced environment to help clients operate within the maritime rules and regulations at present, and to meet new standards in the future.

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, The Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €3.8 trillion in market capitalisation as of end September 2020, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
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