Abitibi-Consolidated (ABY)

[eFinanceMarkets]

Report: Abengoa to decide soon on selling Atlantica Yield stake

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.