Transition Evergreen initiates the sale of its strategic assets

Transition Evergreen, a French fund dedicated to the ecological transition, has announced a sale mandate for its strategic assets. This mandate has been entrusted to Setter, a Canadian secondary market expert. The objective is to sell stakes in the biogas, solar, and wood sectors.

The process, expected to take 90 days, may not be completed. Furthermore, the subsidiary pHYnix has been placed in receivership. This situation will impact the value of Transition Evergreen's holdings, representing a depreciation of approximately 5%.

Transition Evergreen is listed on Euronext Paris and is involved in renewable energies, with stakes in particular in Evergaz and Everwatt.