Riverstone Energy expects Anuvia investment to be written down to zero

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Riverstone Energy Ltd - US, Canada, Europe and Australia-focused investment company based in Guernsey - Says portfolio company Anuvia Plant Nutrients Inc has ceased operations and is in liquidation. Adds that its investment of $20 million made in March 2022 had been written down to $14 million at the end of the first quarter. Expects investment to be written down to nothing in the upcoming second-quarter portfolio valuation.

Current stock price: 517.94, down 4.8% on Tuesday

12-month change: down 7.4%

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