Publicerat: 2025-12-04 10:16:19
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Zenith Energy, which recently began trading on Spotlight Stock Market, aims to spin off its uranium operations in early 2026. That is what Zenith Energy's CEO Andrea Cattaneo says at an investor meeting in Gothenburg. Zenith Energy has three listings today - the London Stock Exchange, the Oslo Stock Exchange, and Spotlight Stock Market. The listing in Sweden is connected to the fact that it has thousands of Swedish shareholders, says the Zenith Energy CEO. He estimates the spinoff will take place when the company closes its financial year, which coincides with the end of the first quarter. The exact trading venue for the new company has not been decided, but Cattaneo stated it is leaning toward Oslo. The company is currently the only one to have a license for a uranium asset in Italy, and Cattaneo sees it as a strategically important asset given that Europe is pushing hard to become more self-sufficient in raw materials, and uranium in particular is an area where imports come from several countries he characterizes as unstable. Zenith Energy is also positive about obtaining a license for uranium in Sweden. He did not mention that the company has plans to spin off any additional assets, but emphasized that Zenith Energy's different businesses stand on their own. An important issue going forward is an expected arbitration ruling in a dispute the company has in Tunisia. The company is in the final phase, and the last proceeding will take place in Washington, in connection with the World Bank. - We are confident of victory in this case, says Andrea Cattaneo. Zenith Energy is also working on building solar power in Italy. The idea is to gradually grow that business, and the company points out that southern Italy has a great many hours of sunshine. The idea is also to retain 50 percent of the projects and monetize the remainder in order to invest in new growth in the region.
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