European Energy to sell solar assets to Allianz Global Investors' fund

Danish renewable energy company European Energy AS said it had together with a partner signed a conditional agreement on the sale of solar PV plants with a total capacity of 50.4 MW to a fund managed by Allianz Global Investors GmbH.

The assets are 50%-owned by European Energy.

The agreement is conditional on successful due diligence outcomes and the Danish Transmission Authority deciding on the feed-in-tariff applicable for the plants.

The purchase price will depend on a number of factors, including the financing terms, which are not yet finalised, the statement said.

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