KKR Pays $567 Million for Stake in Acciona’s Foreign Renewables
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KKR & Co., the private-equity firm run by billionaires Henry Kravis and George Roberts, will buy a one-third stake in Acciona SA’s renewable-energy assets outside Spain for 417 million euros ($567 million).
The deal values Acciona Energia International, grouping assets in 14 nations, at 2.6 billion euros including 1.3 billion euros of debt, KKR and Acciona said in separate statements. The two companies will seek to hold an initial public offering through a so-called yield-co for all or part of AIE’s assets.