Masdar to acquire saeta from brookfield for $1.4 billion

Abu dhabi, united arab emirates and madrid, sept. 24, 2024 (globe newswire) -- abu dhabi future energy company pjsc - masdar (“masdar”), the uae's clean energy powerhouse, today announced the proposed acquisition of saeta yield (“saeta”) from brookfield renewable (nyse: bep, bepc; tsx: bep.un, bepc), together with its institutional partners (“brookfield”), for an implied enterprise value of c. $1.4 billion (€1.2 billion). closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.
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