Abengoa Signs Final Accord on Waste-Unit Sale to Focus on WaterRandall Hackley
Abengoa SA, a solar-thermal power and water desalination plant developer, said it signed a final agreement for the sale of its Befesa industrial waste unit, allowing it to focus on its water and solar businesses.
The sale to Triton Partners funds amounts to 620 million euros ($826 million) after debt, was announced on April 18 and is to be completed next month, according to a statement today from Seville, Spain-based Abengoa. Befesa manages industrial-waste plants in Europe, Asia and South America.
Abengoa, which has developed desalination plants from Algeria to India, is also building a second-generation biofuel plant in Kansas, saying startup is expected early next year.