Brief: Transition Evergreen Completes Private Placement For Investment In Safra and Biogas Plants

Transition Evergreen SA

05/08/2021 17:44

Aug 5 (Reuters) - Evergreen SA  EGR.PA :
    * SIGNS INVESTMENT WITH SAFRA AND FINALISATION OF
NEGOTIATIONS FOR
THE ACQUISITION OF A COMPANY OWNING 10 BIOGAS PLANTS IN GERMANY
    * SUCCESSFULLY COMPLETES A PRIVATE PLACEMENT OF €17.5
MILLION (OF
WHICH €11.3 MILLION IN CASH) TO STRENGTHEN ITS FINANCING
STRUCTURE
    * RESUMPTION OF TRADING IN TRANSITION EVERGREEN SHARES ON 6
AUGUST
2021
    * NET PROCEEDS WILL BE USED TO INITIATE INVESTMENT IN SAFRA
FOR €5
MILLION, TO ACQUIRE A COMPANY OWNING 10 BIOGAS PLANTS FOR 5 M€

Further company coverage:  EGR.PA 

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