Transition Evergreen Announces Sales Mandate and Subsidiary Reorganization

Transition Evergreen ( (FR:EGR) ) has shared an announcement.

Transition Evergreen has announced a sales mandate with Setter, an advisory firm, to review and potentially sell its holdings in the biogas, solar, and wood sectors, aligning with its strategy to focus on infrastructure investments. Additionally, the company pHYnix, a subsidiary of EverWatt, has entered judicial reorganization, which will lead to a limited depreciation of Transition Evergreen’s holdings, impacting the fair value by around 5%.

More about Transition Evergreen

Transition Evergreen is an evergreen fund listed on Euronext Paris, focusing on ecological transition and carbon footprint reduction. The fund invests in French and European companies that drive growth through ecological initiatives, holding stakes in sectors like biogas, renewable energy, sustainable forest management, and decarbonized mobility. Transition Evergreen has received the Greenfin and Relance labels, recognizing its commitment to environmental, social, and governance criteria and economic recovery.

YTD Price Performance: -40.23%

Average Trading Volume: 246

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €23.25M

For an in-depth examination of EGR stock, go to TipRanks’ Stock Analysis page.