Today, the shares of Petroplus Holdings Ltd, an operator of oil refineries based in the canton of Zug, were traded in the main market of the SWX Swiss Exchange for the first time. Yesterday, i.e. on Wednesday, an issue price of CHF 63 was determined, which is in the middle of the previously specified price range of CHF 55 to CHF 68. The opening price on the SWX was CHF 67.9. This corresponds to a market capitalisation of CHF 3,961 million (excl. greenshoe). Petroplus Holdings Ltd belongs not only to the SPI®, but also to the SPI EXTRA®.
According to the listing prospectus, of the 58,336,600 registered shares entered in the Commercial Register, 40,000,000 or 68.6 % of all shares were placed with the public. If the option for an additional 6,000,000 shares is chosen (greenshoe), the free float may rise to 75.4 %.
Petroplus Holdings AG is an independent oil refiner and wholesaler of petroleum products. Petroplus focuses on refining and currently owns and operates four facilities located in Switzerland, the United Kingdom and Belgium. In conjunction with its refining and wholesale activities Petroplus Holdings also owns several tank storage facilities and pipeline interests. In June 2006, Petroplus had 1,157 full-time equivalent (FTE) employees. According to the half-yearly report of 30 June 2006 (unaudited), the company generated a turnover of $ 4479.1 million and a net gain of $ 118.4 million.
