Atlantica Yield announces strategic review to optimize company

15 February 2019 - 12:00 am UTC

The UK-based renewable developer Atlantica Yield announced on a market filing that the company formed a strategic review committee to evaluate “a wide range of strategic alternatives available.”

The company did not set a timetable of the review, the filling added.

Atlantica Yield, formerly Abengoa Yieldco, was created initially as a subsidiary of the Spanish developer.

On 27 November 2018 Abengoa sold its remaining stake in the company. The new main shareholder is the Algonquin Power and Utilities with a 41.47% stake.

On late 2018 Atlantica Yield acquired the Melowind project in Uruguay and the PMS (Pemex Transportation System), as reported.

The company also announced in December its intention to increase its equity stake in the Ten West Link project, as reported.

 

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