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Abu Dhabi state-backed clean energy company Masdar is to buy Spanish renewables group Saeta Yield from Brookfield at a $1.4bn valuation, its second big investment in the country’s green energy sector this year.
Masdar will invest Dh2.88bn ($780mn) to acquire Saeta from Brookfield’s renewables unit. The Abu Dhabi group is chasing an ambitious target, set in 2022, of owning…
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