Aquila European Renewables PLC Update re: Investment Adviser (2138A)
18 Janeiro 2024 - 3:11PM
UK Regulatory
TIDMAERS TIDMAERI
RNS Number : 2138A
Aquila European Renewables PLC
18 January 2024
Aquila European Renewables PLC
18 January 2024
Update re: Investment Adviser
Aquila European Renewables plc ("AER" or "the Company"), the
London-listed investment company advised by Aquila Capital
Investmentgesellschaft mbH ("Investment Adviser"), notes the
announcement today that the Investment Adviser and Commerzbank have
entered into a strategic partnership aimed at significantly
accelerating Aquila Capital Investmentgesellschaft's growth and
developing the Investment Adviser into one of the leading asset
managers for sustainable investment strategies in Europe. As part
of this partnership, Commerzbank will acquire a 74.9% stake in the
Investment Adviser with the Aquila Group remaining permanently
engaged as a shareholder with its remaining shareholding. The
partnership ensures the managerial independence of the Company's
Investment Adviser as it will remain autonomous in terms of
operations, investment decisions, product development and brand
representation. The existing management and fund management teams
responsible for the Company will remain unchanged.
The transaction is subject to the required regulatory approvals
and is expected to close in the second quarter 2024.
For further details contact:
Media Contacts
Edelman Smithfield
Ged Brumby 07540 412301
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Apex Listed Companies Services (UK) Limited (Company Secretary)
020 3327 9720
NOTES
About AER
The objective of Aquila European Renewables plc is to provide
investors with an attractive long-term, income-based return in EUR
through a diversified portfolio of onshore wind, solar PV and
hydropower investments across continental Europe and Ireland. As a
result of the diversification of energy generation technologies,
the seasonal production patterns of these asset types complement
each other, providing a balanced cash flow profile, while the
geographic diversification serves to reduce exposure to any one
single energy market. In addition, a balance is maintained between
government supported revenues, fixed price power purchase
agreements and market power price risk. AER is targeting a dividend
of 5.51 cents per share in relation to the financial year ending 31
December 2023, with the aim of increasing this dividend
progressively over the medium term.
Further details can be found at:
www.aquila-european-renewables.com .
LEI Number: 213800UKH1TZIC9ZRP41
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END
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