Brookfield looking at Bid for Spanish and Portuguese Hydro Company for approx $2B. The company is 23% owned by Chinese company and after a failed buyout is looking to reduce leverage and sell non-core assets and has put up the assets for sale.
Brookfield owns solar and wind assets in Spain already and is in a position to consolidate. It also has renewable power assets in UK, Ireland and a large real estate business in Europe.
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