Abengoa To Sell Fourth Asset Package To Abengoa Yield For EUR 277 Mln

(RTTNews) - Abengoa SA (ABGD), a Spanish company engaged in the provision of technological solutions in the energy and environment sectors, announced Monday that it has reached an agreement with Abengoa Yield (ABY) to sell a fourth asset package comprised of two solar assets for a total cash proceeds of approximately 277 million euros.

The company said the transaction has been approved by both Abengoa's and Abengoa Yield's board of directors. The deal is not subject to financing by the purchaser.

The assets consist of Solaben 1 and 6, recently rated by S&P as BBB, two 50 MW solar plants located in the Extremadura region of Spain, which have been in operation since 2013.