SPANISH SMALL & MID CAPS


Abengoa's sale of Atlantico Yield

Abengoa finalises details of the sale of its Atlantica Yield subsidiary

Abengoa is trying to finalise the details which will allow it to go ahead with the sale of Atlantica Yield (Nasdaq:ABY) which manages electricity assets and has an approximate market value of $2.16 billion (around 1.93 billion euros). Abengoa has two options for closing the sale: Firstly, the direct handover of its 41% stake in ABY to the funds, including Brookfield, secondly placing blocks of its shares on the market.