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AMPIL – Asset Sale

26-06-2024

Owner Asterion has reportedly launched a sale of AMPIL’s heat and biomass
business. Any binding offers are expected around the end of July.  

The grid balancing side of the business is not up for sale.

We note the bonds are currently callable at 102.

Update

Despite receiving credible offers for the biomass business, Asterion has decided that the price offered did not reflect the full value of the business and has consequently withdrawn the asset from sale.

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