Wind turbine maker set for IPO

Wind turbine maker Emergya Wind Technology (EWT), based in Zeeland, is to be launched on the stock exchange at the beginning of next year to finance its rapid extension, reports Wednesday’s Financieele Dagblad.

Company chairman Gerry van der Sluys said he will decide within a few weeks whether the listing will be on the Amsterdam or London bourse. The company hopes to raise €158m.
Van der Sluys set up EWT in 2004 after buying out the bankrupt wind turbine maker Lagerwey. EWT has since sold 20 turbines and has orders for another 1,200 for the coming five years, he told the paper.
EWT is owned for 85% by two investors: Dutchman Henk Keilman and the Lebanese deputy prime minister Issam Fares, according to the FD.

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