# KKR sells 50% stake in Spain’s X-elio to partner Brookfield
Published: 2023-03-21
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: KKR sells 50% stake in X-elio to Brookfield
Meta Description: U.S.-based KKR sells 50% of Spanish renewable energy company X-elio to Canadian Brookfield. Deal values company at 2.5 billion euros.
URL: https://business.express/kkr-sells-50-stake-in-spains-x-elio-to-partner-brookfield/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsmfaw001wwirgq3ggueqg/images/2023-03-21t083113z1lynxmpej2k087rtroptp4renew-energy-brookfield-1737028117423-compressed.jpg)

MADRID (Reuters) – U.S.-based buyout fund KKR has agreed to sell a 50% stake in Spanish renewable energy company X-elio to Canadian asset manager Brookfield, the two funds said on Tuesday.

Brookfield already owns the other half of X-elio.

The funds said without disclosing transaction details.

KKR first invested in X-elio in 2015 and Brookfield did so in 2019, they said in a joint statement.

A Spanish newspaper last month reported that KKR was considering selling its stake in X-elio and a deal would value the company at 2.5 billion euros ($2.68 billion).

X-elio operates and builds renewable power infrastructure mainly in Spain, the United States and Latin America. It currently develops and operates renewable power plants with a combined capacity of 3 gigawatts.

With its sunny plains, fast-flowing rivers and windy hillsides, Spain is attracting many investors for renewable energy projects.

($1 = 0.9333 euros)

(Reporting by Inti Landauro and Joao Manuel Mauricio; editing by David Goodman and Jason Neely)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---