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Aquila European Renewables PLC - managed by Aquila Capital, invests in European renewable energy assets - Completes €36.6 million sale of Danish assets Holmen II and Svindbaek. The disposal of Greek asset Desfina is expected to complete in February. Together with the sale of Sagres, which completed in June, the disposals total €78.3 million. Overall, Aquila continues to progress the divestment of the remainder of its portfolio as part of the managed wind-down. By late January, expects an initial return of capital of no less than €33.9 million, representing the majority of proceeds received from the disposals in 2025, excluding a cash buffer to ensure Aquila can meet its liabilities and commitments. Combined with the €2.5 dividend declared on November 24 and the proceeds of the Greek disposal, the amount is equivalent to the €63.0 million announced on October 23. Additionally, determines that a B share scheme is the most cost-efficient and flexible means of returning capital to shareholders. The B share scheme is subject to approval at its annual general meeting on January 8. In light of the wind-down, Aquila intends to apply for the cancellation of shares from Euronext Growth Dublin, expected around January 16. Shares will remain on the main market of the London Stock Exchange. Current share price: 30.90 pence, closed down 5.1% on Monday in London 12-month change: down 44% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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