Triple Point Energy Efficiency Infrastructure Company PLC (GB:TENT) has released an update.
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Triple Point Energy Transition PLC has successfully sold its combined heat and power loan assets to P3P Partners for £17.5 million, though at an impairment of £6.1 million from the outstanding principal. Despite the on-site tomato grower’s declining financials, the Board considers the sale the best value for shareholders and aligns with their managed wind-down strategy. The company has already returned 92% of investment value to shareholders and is on track for further asset realisation by March 2025.
For further insights into GB:TENT stock, check out TipRanks’ Stock Analysis page.
