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GIP to Buy Atlas Renewable in Deal Valued at Almost $2 Billion

  • Transaction values Atlas Renewable at nearly $2 billion
  • Atlas operates in Latin America, including Brazil and Mexico

Global Infrastructure Partners has agreed to buy clean energy company Atlas Renewable Energy to bolster its presence in Latin America, according to people familiar with the matter.

New York-based GIP will acquire Atlas from private equity firm Actis in a deal valued at close to $2 billion, the people said, asking not to be identified discussing confidential information. Bloomberg reported in February that GIP was in talks to buy Miami-based Atlas.