Deals
Brookfield Is Said to Weigh Buying Abengoa's Atlantica Stake
- Talks are advanced, agreement could be reached within weeks
- Abengoa stake is worth about $830 million at current trading
This article is for subscribers only.
Brookfield Asset Management Inc. is in advanced talks to buy the 41.5 percent stake in Atlantica Yield Plc held by Abengoa SA as the beleaguered Spanish solar-energy company seeks to cut debt, according to people familiar with the matter.
Brookfield’s clean energy unit, Brookfield Renewable Partners LP, and Abengoa could reach an agreement within weeks, the people said, asking not to be identified because the deliberations are private. No final decisions have been made and other bidders also remain interested in the stake, the people said.