Exergyn tells investors it will provide transparency over plans to sell firm

Concerns have been brought to the board of the Irish green tech company after fears were raised that there was only one bidder involved

9th May, 2021
Exergyn tells investors it will provide transparency over plans to sell firm
Kevin O’Toole, co-founder and managing director of Exergyn: investors fear the company is being undervalued Picture: Fergal Phillips

Exergyn, the Irish cleantech company, is communicating with investors concerned about its governance and strategy, its managing director and chairman have said.

Last Thursday, Italian investor Federico Forcolini, one of a group of over 90 investors that contacted the board of the company with concerns, called for any sales process the company was considering to be open and transparent, with more than one potential bidder.

The investors fear that the company is considering a sale deal...

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