has agreed to sell a 50 per cent stake in Spanish renewable energy company X-elio to Canadian asset manager Brookfield, the two funds said on Tuesday.The funds said without disclosing transaction details.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 .
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.Your Globe
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