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Report: Brookfield set to acquire 50% stake in X-Elio

Canada's Brookfield Asset Management Inc. is poised to acquire a 50% interest in Spain's X-Elio Energy SL from KKR & Co. and Spain's Ribera family, Reuters reported, citing three sources familiar with the matter.

The potential deal values the photovoltaic plant developer and operator at approximately €1.05 billion, including debt, the news agency added, citing two of the sources.

Brookfield aims to acquire a 20% stake in X-Elio from the Ribera family and another 30% from KKR, which will retain the remaining 50% stake in X-Elio, the report added.

Brookfield, KKR and X-Elio declined to comment, while a Ribera family spokesman did not respond to a request for comment, according to Reuters.