May 2, 2025
Aquila to divest its stake in Portuguese hydro energy.
Aquila European Renewables has agreed to sell its 18% stake in the Portuguese hydropower asset Sagres. This sale is contingent on receiving typical regulatory approvals, with completion anticipated by June 2025.
The London-listed investment firm, advised by Aquila Capital, announced on October 24, 2024, that following a shareholder decision on September 30, 2024, to initiate a managed wind-down process, it has appointed Rothschild & Co as its financial advisor to facilitate the sale of the company's portfolio.
The cash proceeds from the sale of Sagres are around €16.5 million, in line with the company's net asset value as of December 31, 2024. The Aquila European Renewables board and its advisors are actively working on divesting the rest of the portfolio in line with the managed wind-down investment strategy.
The London-listed investment firm, advised by Aquila Capital, announced on October 24, 2024, that following a shareholder decision on September 30, 2024, to initiate a managed wind-down process, it has appointed Rothschild & Co as its financial advisor to facilitate the sale of the company's portfolio.
The cash proceeds from the sale of Sagres are around €16.5 million, in line with the company's net asset value as of December 31, 2024. The Aquila European Renewables board and its advisors are actively working on divesting the rest of the portfolio in line with the managed wind-down investment strategy.