Evergreen Transition Granted Judicial Approval for Financial Reorganization
The company specializing in ecological transition has received approval from the supervising judge to implement the reorganization operations outlined in its agreement with Zencap Asset Management. The effective execution of these operations is anticipated by January 31, 2026, subject to the fulfillment of suspensive conditions.
Judicial Endorsement of the Agreement
By order dated January 7, 2026, the supervising judge authorized the conclusion of the agreement and the execution of the reorganization operations it entails, in accordance with Article L. 622-7 II of the Commercial Code, as stated in the press release. As a reminder, the company had reached an agreement with its main creditor, Zencap Asset Management, formalized by a term sheet on September 9, 2025. The parties then signed a comprehensive agreement protocol on December 5, 2025, in the presence of the judicial administrator, incorporating the entire initial agreement with some adjustments. This protocol includes operations aimed at improving the financial structure of Transition Evergreen during the observation period of the judicial recovery, particularly by reducing its liabilities and securing the necessary liquidity. These operations are designed to facilitate the development of a recovery plan ensuring the continuation of operations and the repayment of liabilities, the company specifies. However, the realization remains subject to several suspensive conditions.
Ongoing Development of the Continuation Plan
According to the company, work related to a continuation plan is actively progressing. This recovery plan could be presented to other creditors after the completion of the first phase with Zencap, the press release indicates. The company specifies that the effective execution of the reorganization operations outlined in the protocol is anticipated by January 31, 2026, subject to the lifting of all suspensive conditions. More detailed information will be provided at that time via a press release, the company announces.
Suspension of Trading on Euronext Paris
The trading of Transition Evergreen shares on Euronext Paris has been suspended since April 9, 2025. According to the company, trading will resume as soon as shareholders and the market have comprehensive and updated information regarding the financial situation of the company and its prospects. The company anticipates that this resumption is feasible from the completion of the operations outlined in the protocol, no later than January 31, 2026, and following the issuance of a related press release. The date for the resumption of trading will be communicated later via a press release, the company specifies.
