Under the agreement, First Reserve, one of the largest private international investment funds in the energy sector, will take a stake in Abengoa by investing €300 million in its capital structure. The deal has been approved by the antitrust authorities.
According to Seville-based Abengoa, the alliance will reinforce the strategy that it has been pursuing for some time, increasingly positioning itself in the international energy and environment sector.
The investment also highlights the strength of Abengoa’s financial strategy, which has been exhaustively analyzed and reviewed by the team from First Reserve Corporation, the company said.
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