Summary : Abu Dhabi’s Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola’s German offshore wind farm in a deal that will value the project known as Wikinger at 1.4 billion euros, a source close to the matter told Reuters.
Europe’s largest utility is holding calls with the prospective buyers for the minority stake of the wind farm, two sources said, and it will select a winner in coming weeks.
Iberdrola, InfraRed and EIP declined to comment while Masdar and CPPIB could not immediately be reached for comment by Reuters outside regular business hours. This calculation does not include any asset disposals, Chief Financial Officer Jose Sainz said last week.
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