Acciona Energia rises after report says EQT and NBIM prepare bid
BUZZ-Acciona Energia rises after report says EQT and NBIM prepare bid Updates shares, adds Acciona Energia declining to comment in 3rd bullet
** Shares in Acciona Energia ANE.MC rise 3.4% after Expansion reported that Swedish private equity firm EQT EQTAB.ST has teamed up with Norges Bank Investment Management to bid for the Spanish renewable power company
** EQT has a 75% stake in the bidding consortium while Norges Bank Investment Management holds 25%, and they are seeking to buy 100% of Acciona Energia, Expansion reports
** A spokesperson for Acciona Energia said the company does not comment on market rumours; EQT and NBIM were not immediately available for comment
** Shares of Acciona ANA.MC, which owns 91.1% of Acciona Energia ANE.MC, are up 3.2%
** The Spanish companies' shares rallied in June after media reports said global infrastructure funds, including Blackstone, Brookfield and KKR, were teaming up to bid for stakes in Acciona Energia
** Including Tuesday's rise, Acciona Energia's shares have dropped 5.3% YTD while Acciona is up 9%
(Reporting by Javi West Larrañaga)
((javier.west@thomsonreuters.com; +34 918 35 61 12))