Masdar in Talks to Buy Stake in Turkish Renewables Firm Fiba
- Fiba Group’s renewables arm is a top wind power producer
- UAE aims to invest around $30 billion in Turkish energy sector
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The United Arab Emirates’ clean energy producer Masdar is in talks to buy a stake in Turkey’s Fiba Yenilenebilir Enerji, in what would be the first acquisition in a $51 billion investment push between the two countries, according to people familiar with the matter.
The negotiations aren’t finalized, the people said, without elaborating on the potential size of the deal. They asked not to be identified as the talks weren’t made public.