On Friday, Berenberg reiterated its buy recommendation on Eurazeo, with an unchanged target price of 90 euros, the day after the first investor meeting organized by the group since the appointment of the William Kadouch-Chassaing/Christophe Bavière duo at its head.

From the analyst's point of view, the event highlighted the investment company's clear determination to accelerate its transition to an asset-light business model, with greater emphasis on third-party management.

The most promising element remains, in our view, the prospect of a lighter balance sheet", he adds, adding that this choice should help to limit earnings volatility in the future.

Moreover, these projects point to an attractive remuneration package for shareholders, who could receive up to 40% of the Group's market capitalization in the form of dividends or share buybacks over the next four years", concludes the intermediary.

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