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Report: Abengoa to decide soon on selling Atlantica Yield stake

Published 06/27/2017, 12:21 PM
© Reuters.  Report: Abengoa to decide soon on selling Atlantica Yield stake
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  • Spanish engineering and renewables company Abengoa reportedly is considering options to sell its stake in Atlantica Yield (ABY -0.8%), the yieldco it created several years ago, with a decision expected in the coming days.
  • Based on ABY’s current trading price, Abengoa’s 41% stake in the yieldco is worth ~$880M on the market.
  • The yieldco, previously known as Abengoa Yield, holds 1.44 GW renewable energy assets, 300 MW conventional power capacity, electric transmission lines and water assets.
  • Now read: Safer Dividend Utilities: 22.6% Net Gains Make NRG Yield Tops For May


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