Acciona mulls clean energy IPO

By Dow Jones newswires

Spain's Acciona and buyout firm KKR are working with banks on a US initial public offering of Acciona's international renewable energy assets that could value the unit at as much as $US2 billion ($2. 15bn), according to people familiar with the matter.

An IPO of the Acciona assets as a yieldco would follow a similar listing of Abengoa Yield by Spanish engineering and energy company Abengoa.

The Spanish infrastructure operator and developer and KKR have tapped banks including JP Morgan Chase and Goldman Sachs for the public listing of Acciona EnergĂ­a International, or AEI, some of the people said.

Read more here: Business Spectator


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