Photon Energy Engages EY-Parthenon for Business Review

Photon Energy N.V. has announced the engagement of EY-Parthenon (EY-P) to conduct an Independent Business Review (IBR) of the Group. The review aims to evaluate the financial position, liquidity, and strategic prospects of the company. This assessment will aid in exploring potential restructuring options to enhance the company's stability.

The selection process involved proposals from five advisory firms. Criteria such as independence, restructuring expertise, and value were prioritized over cost. EY-P was chosen for its objective approach and expertise in restructuring and financial advisory.

EY-P will analyze the company's operations, liquidity, and potential measures for enhancing financial stability. The findings are expected by 30 November 2026. Any restructuring proposals regarding the company's EUR Green Bond 2021/2027 will require approval from bondholders.