Abengoa Preparing IPO For Yieldco


Abengoa says its wholly owned subsidiary, Abengoa Yield plc, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) as a prelude to a proposed initial public offering (IPO) of ordinary shares.

Abengoa Yield was formed by Abengoa to serve as the primary vehicle through which Abengoa will own, manage and acquire renewable energy, conventional power, and electric transmission lines and other contracted revenue-generating assets, initially focused on the U.S., Mexico, select South American markets and Spain.

The number of shares to be offered and the price range for the offering have not yet been determined.

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