tiprankstipranks
Triple Point Energy Sells Assets Amid Wind-Down
Company Announcements

Triple Point Energy Sells Assets Amid Wind-Down

Triple Point Energy Efficiency Infrastructure Company PLC (GB:TENT) has released an update.

Stay Ahead of the Market:

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.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles