Solar energy spinoff Abengoa Yield files for a $600 million IPO

April 1, 2014 by  
Filed under Green Energy News

Abengoa Yield, a solar and electricity transmission yieldco
spun out of Spanish energy company Abengoa, filed on Tuesday with
the SEC to raise up to $600 million in an initial public
offering. The Leeds, United Kingdom-based company, which was
founded in 1983 and booked $211 million in sales for the fiscal
year ended December 31, 2013, plans to list on the NASDAQ under
the symbol ABY. Abengoa Yield initially filed confidentially on
February 28, 2014. Citi and BofA Merrill Lynch are the joint
bookrunners on the deal. No pricing terms were disclosed.

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