Report
Vincent Koppmair

Atenor - Some more clarity on the cash-flow

Atenor issued two press releases giving some details on their on-going ‘mitigating measures' announced in their Q1 2023 report last month.Partnership with Besix Red on WellBe for ca. EUR 20m is signed.Capital increase of EUR 62m in Q3 is announced.Ca. EUR 120m in new financing from commercial paper and credit facilities are added.Hold rating reiterated.More details in our Note issued this morning 
Underlying
ATENOR S.A.

Atenor Group is a holding company. Co., through its subsidiaries, is a real estate developer that specializes in large-scale, urban real estate projects that meet strict criteria in terms of location, economic effectiveness and respect of the environment including office buildings, mixed used and residential complexes. Co. has acquired diversified know-how which it uses to design and build projects in Belgium and other countries throughout Europe.

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

Analysts
Vincent Koppmair

Other Reports on these Companies
Other Reports from Degroof Petercam

ResearchPool Subscriptions

Get the most out of your insights

Get in touch