Business
Update & Disposal of Danish & Greek wind assets
Aquila European Renewables PLC has entered into agreements to sell its Danish and Greek wind assets for approximately EUR 61.9 million, a 17% discount to the fair valuation reported on June 30, 2025. Combined with the previously completed sale of Sagres for EUR 16.5 million, the total consideration from sales to Aquila Capital funds reaches EUR 78.3 million, representing a weighted average discount of approximately 14% to the latest NAV. An equity cure of EUR 508k was paid for Olhava in September 2025, bringing the total to approximately EUR 1.2 million. Following the expected completion of the Danish and Greek disposals by December 2025, the company plans an initial distribution to shareholders of no less than EUR 63 million. Disclaimer*
About this update from Aquila European Renewables Plc Registered
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\nFor immediate release\n \nLEI: 213800UKH1TZIC9ZRP41 \n \n23 October 2025\n \nAquila European Renewables plc\n \nUpdate on Managed Wind-Down and disposal of Danish and Greek wind assets\n \nAquila European Renewables plc (\"AERI\" or the \"Company\"), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH (\"Aquila Capital\" or the \"Investment Adviser\"), provides the following update on the Managed Wind-Down including that it has entered into sale and purchase agreements with funds advised by Aquila Capital for the sale of its Danish and Greek wind assets.\n \nBackground to the Managed Wind-Down\n \nLeading up to the 2023 continuation vote, the Company proactively explored multiple initiatives to attempt to address a number of issues that the sector was facing and secure recognition of the real underlying value of the portfolio in the share price. These initiatives included asset life extensions, share buybacks, debt financings and a secondary listing on Euronext Growth Dublin.\n \nThe continuation vote at the 2023 annual general meeting was passed. However, at the time the Board recognised the material issues the Company and the wider sector continued to face and committed to offering an additional continuation vote in 2024, and meanwhile, explored more significant initiatives, namely:\n· a combination with other investment companies by way of a scheme of reconstruction under section 110 of the Insolvency Act 1986 (the \"Section 110 Process\");\n· the sale of some or all of the Company's assets for cash;\n· a potential wind-down strategy with an orderly rea...