This is directly from yesterday’s presentation.
I will underline the part you seem to have missed.
“Currently in a process to fund Phase One with strategic equity investment at a project level. Up to 50% project-level sell down considered, to fund 100% of the equity requirement for Phase One (ca.€630m).”
With the way they have worded this, they intend to try get that 50% sell down reduced.
Ann: Corporate Presentation - April 2024, page-5
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