08:30 AM EDT, 06/28/2024 (MT Newswires) -- Brookfield (BN) has attracted four bidders for its Spanish renewables company Saeta Yield, Reuters reported Friday, citing a Cinco Dias report.

Bidders expected to file final offers include China Three Gorges, UAE's Masdar, and French energy companies Engie and TotalEnergies (TTE), according to the report

Brookfield, which bought Saeta Yield for 1 billion euros ($1.07 billion) from ACS in 2018, began the sales process last year, Reuters reported.

Saeta Yield has been valued at an estimated 1.7 billion euros including debt, the Spanish newspaper reported, citing unidentified financial sources, according to the Reuters report.

Saeta Yield owns 10 photovoltaic parks, 28 wind farms, and 7 solar thermal plants in Spain and Portugal, Reuters reported, citing the company website. Brookfield reportedly plans to keep the thermal plants.

Brookfield, Masdar, Engie, TotalEnergies did not immediately respond to MT Newswires' requests for comment.

Shares of Brookfield were up 3.4% in Friday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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