By Zoila Palma: The Government of Belize’s public share offering in Hydro Belize Limited has exceeded expectations, with demand surpassing the number of shares made available, according to preliminary results released today.
The offering, which opened on December 18, 2025, involved the sale of four million shares—representing 50 percent of the company’s issued shares—following the government’s acquisition of the hydroelectric firm.
Preliminary figures indicate that approximately 4.5 million shares were applied for by the time the offering closed at 5 p.m. on Tuesday, January 20, 2026.
The applications represent a total value of more than BZ$130 million, with shares priced at BZ$29 each.
Subscribers included a broad mix of individual investors, pension funds, unions, companies, and institutional investors.
An initial tally shows that nearly 2,000 individual investors participated in the offering, alongside more than 60 companies and major institutional investors, including the Belize Social Security Board, credit unions, and private-sector pension funds.
Although the application period has closed, subscribers have until February 4, 2026, to complete payment for their shares.
The government has indicated it will satisfy all applications by sourcing excess shares from the 50 percent stake it retained.
Following the payment period, share transfers and certificates will be issued.
To fully recover the purchase price of the company and provide a debt-based investment option, Hydro Belize Limited is expected to issue bonds to buy and cancel the remaining government-held shares.
The divestment process is expected to conclude by February 28, 2026, after which the company will operate as a fully private-sector enterprise with approximately 2,000 public shareholders.
Hydro Belize Limited, formerly Fortis Belize Limited, owns and operates 3 hydroelectric plants on the Macal River in the Cayo District.
The plants have a combined capacity of 51.2 megawatts and currently supply between 30 and 35 percent of Belize’s electricity demand.
The post Hydro Belize says share sale exceeds government’s expectations appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: The Government of Belize’s public share offering in Hydro Belize Limited has exceeded expectations, with demand surpassing the number of shares made available, according to preliminary results released today. The offering, which opened on December 18, 2025, involved the sale of four million shares—representing 50 percent of the company’s issued shares—following the
The post Hydro Belize says share sale exceeds government’s expectations appeared first on Belize News and Opinion on www.breakingbelizenews.com.
