Friday after close, Whitestone Group announced it sold its 20% stake in ECP for an amount of EUR 2.2m or a MOIC of 2.7xThe investment offers a nice return and at the same time solves the accumulated loss at the holding level, opening up the potential to commence dividend paymentsWe stick to our neutral stance and EUR 15.0 TP, based on a 10% discount

22 Sep 2025
(Sponsored) Whitestone Group - Selling 20% of ECP for a nice MOIC of 2.7x

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(Sponsored) Whitestone Group - Selling 20% of ECP for a nice MOIC of 2.7x
Friday after close, Whitestone Group announced it sold its 20% stake in ECP for an amount of EUR 2.2m or a MOIC of 2.7xThe investment offers a nice return and at the same time solves the accumulated loss at the holding level, opening up the potential to commence dividend paymentsWe stick to our neutral stance and EUR 15.0 TP, based on a 10% discount