Fieldfisher advises Coro Energy Plc on the recapitalisation of its business
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Press Release

Fieldfisher advises Coro Energy Plc on the recapitalisation of its business

15/01/2025
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European law firm Fieldfisher has advised Coro Energy Plc on its share capital reorganisation, €22.5 million Luxembourg-listed bond restructuring and equity raise by way of a subscription and retail offer. The transaction is expected to complete in February 2025.

Coro Energy plc is an AIM-listed South East Asian energy company with a growth strategy centred on low carbon energy investments, supported by an energy portfolio of natural gas assets and renewable wind and solar.

The transaction will enable Coro Energy to advance its renewable energy projects, particularly focusing on Vietnamese commercial and industrial (C&I) rooftop solar developments, supporting broader regional clean energy growth.

The Fieldfisher team was led by Equity Capital Markets Partner Dominic Gurney-Champion, with support from Senior Associate Dana French. The bond restructuring was led by Counsel Yannis Erifillidis from the Financial Markets and Products team.

Dominic Gurney-Champion said: "We are pleased to have supported Coro Energy on their strategic recapitalisation. This transaction required coordination across our equity and debt capital market teams to successfully balance Coro Energy's immediate financial needs with its long-term growth strategy and positions Coro as a largely debt-free clean energy developer in South East Asia."

Fieldfisher's leading Equity Capital Markets practice advises clients across sectors, with particular strength in energy and natural resources, technology, financial services, and life sciences.

The firm's renewable and clean energy sector expertise covers the full spectrum of transactional work. Recent deals include advising AIM-listed eEnergy Group on the £30 million sale of its energy management division to Flogas Britain Limited and acting for KazMunaiGas on the development of Kazakhstan's first hybrid renewables-gas power plant. Fieldfisher also advised EEF Erneuerbare Energien Fabrik GmbH (EEF) on the acquisition of the Beckum wind farm in Germany and EAG (the asset manager of Munich Re) on the acquisition of the Metelen battery park with a total capacity of 92.5 MW.