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Riverstone Energy Ltd on Tuesday said it agreed with the investment manager the key terms of a proposal for a managed wind down of its remaining investment portfolio. The Guernsey-based investor in renewable and non-renewable energy companies said it aims to be in a position to obtain shareholder approval for the planned wind down by August 15. Riverstone Energy plans to pay the investment manager a cash adjustment payment in two tranches. The first tranche would be paid shortly after the managed wind down has been approved. The second tranche would be paid after the completion of the sale of the last remaining investment in the company’s portfolio. Riverstone Energy shares were up 3.9% to 788.50 pence on Tuesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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