IN BRIEF: Aquila European talks with Aquila Capital break down

Aquila European Renewables PLC - currently in a managed wind-down, had previously invested in European renewable energy assets - Says talks with Aquila Capital Investmentgesellschaft mbH regarding a potential portfolio sale have broken down. The renewable energy investment company says Aquila Capital proposed terms it considered significantly inferior to those previously discussed. Adds it will now review its investment advisory arrangements with Aquila Capital.

"The board is deeply troubled by the conduct of Aquila Capital's, a wholly owned subsidiary of Commerzbank. After a lengthy process, with signing imminent, Aquila Capital sought to fundamentally rewrite the economics of the transaction," says Chair Robert Naylor.

"This is particularly concerning given that Aquila Capital recommended the board reject an independent third-party offer for the Greco asset, received in December 2025, following detailed due diligence, at a narrower discount than that implied by Aquila Capital's own revised proposal. The board will examine all available remedies and consider whatever action is necessary to protect shareholders' interests."

Current stock price: EUR0.16, up 31% on Friday afternoon in London

12-month change: down 75%

By Christopher Ward, Alliance News reporter

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