Transition Evergreen Shares Resume Trading After Major Restructuring
Transition Evergreen has completed the reorganization operations planned in its agreement with Zencap Asset Management, its main creditor. This initial phase of restructuring, authorized by the supervising judge in January 2026, was carried out on February 26 and 27, 2026.
Asset Transfer and Debt Settlement
The company has transferred all shares of its subsidiary TE Holding Biogas (TEHB) to Zencap Asset Management, allowing it to clear a significant portion of its liabilities and eliminate its major debt to this creditor. Concurrently, TEHB carried out a capital increase, with shares subscribed by Transition Evergreen through a set-off with its remaining claims. In Biovert Gestion, where TEHB was the majority shareholder, the company increased its direct stake by acquiring 1,116 shares. Following these operations, Transition Evergreen retains an indirect stake in Evergaz, holding 35.43% in Biovert Gestion, which in turn owns 3.55% of Evergaz.
Continued Efforts Toward a Recovery Plan
Transition Evergreen continues to work on structuring a recovery plan to be presented to its other creditors. The company emphasizes that the adoption of a continuation plan remains uncertain and is subject to numerous legal and economic constraints, including the approval of the plan by the Paris Economic Activities Court. Given the completion of the first phase of its restructuring, the trading of shares on Euronext Paris will resume on March 9, 2026, at market opening.
