on Mendarion SE (isin : DE000A2LQ2D0)
NuWays AG Provides Update on 029 Group SE's Strategic Movements
NuWays AG has released a new research report concerning 029 Group SE. The company maintains a "HOLD" recommendation with a revised target price of EUR 25 over the next 12 months. A significant move was the divestment of a 5% stake in TRIP Drinks for €4.9 million, soon reinvested into Periskop Partners AG.
The investment in Periskop Partners marks a strategic pivot, seeking opportunities in real estate across Europe. The venture now forms a cornerstone of 029's offerings, alongside Limestone Capital. Together, they account for 97% of 029's net asset value, reinforcing its position in real estate and hospitality.
The update also notes the strong performance of Limestone Capital, expanding its portfolio in real estate and hospitality brands. This growth includes opening several locations, enhancing its asset reach.
The revised valuation reflects these strategic shifts, signaling a recalibration towards promising real estate investments.
R. H.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Mendarion SE news