Brief: Evergreen Announces Approval Of Merger Prospectus And Birth Of Transition Evergreen

Transition Evergreen SA

31/05/2021 07:05

May 31 (Reuters) - EVERGREEN SA  EGR.PA :
    * APPROVAL OF MERGER PROSPECTUS BY THE AMF : BIRTH OF
TRANSITION
EVERGREEN
    * IT WILL HOLD ALL SHARES CURRENTLY HELD BY EVERGREEN SAS
    * POST-MERGER, TRANSITION EVERGREEN WILL HOLD 28% OF
EVERGAZ'
CAPITAL
    * POST-MERGER, TRANSITION EVERGREEN WILL HOLD 68% OF
EVERWOOD'S
CAPITAL
    * TRANSITION EVERGREEN HAS RAISED €15.1M OVER THE PAST NINE
MONTHS
TO SUPPORT AND DEVELOP ITS HOLDINGS
    * OVER THE NEXT TWELVE MONTHS, ADDITIONAL FINANCING NEEDS
AMOUNT
TO €32 MILLION
    * TRANSITION EVERGREEN WILL BE ABLE TO TO HOLD 33% OF THE
CAPITAL
OF SAFRA FOLLOWING COMPLETION OF INVESTMENT
    * TRANSITION EVERGREEN WILL ALSO HOLD A 30% STAKE IN LA
PAPER
FACTORY

Source text for Eikon:  ID:nACT69463 
Further company coverage:  EGR.PA 

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