Deals
Abengoa Yield Said to Work With JPMorgan on Stake Sale Plans
- Abengoa SA may sell part or all of its 47 percent holding
- Process is at preliminary stage, could draw energy investors
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Abengoa Yield Plc, the power plant operator created by Spanish energy firm Abengoa SA, is working with JPMorgan Chase & Co. as it seeks a buyer for its parent company’s stake, according to people with knowledge of the matter.
Abengoa Yield is looking for a buyer for part or all of the 47 percent holding, which may attract interest from other companies in the renewable energy sector, the people said, asking not to be identified because the name of the bank isn’t public yet. The process is still at a preliminary stage, the people said.