Electric Utilities
Spain's Grenergy shares jump after $962 mln Chile assets sale to KKR
Shares in Grenergy leapt as much as 28% on Wednesday early morning after the Spanish renewable energy company struck an offer to sell a possession portfolio in Chile to ContourGlobal, a KKR company, for an enterprise value of $962 million. The sale will lower take advantage of, unlock worth that the marketplace was not acknowledging and free up capital to speed up the investment plan, analyst Eduardo Inmedio from brokerage Renta 4 said in a note to financiers. Grenergy shares were up 19% in mid-morning trade, partially recuperating from a 28% decline since early November when the business reported a...