Mubadala-backed Alcazar Weighs Sale of Egypt, Jordan Assets - Bloomberg

Mubadala-backed Alcazar Weighs Sale of Egypt, Jordan Assets - Bloomberg:

Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt and Jordan, people with knowledge of the matter said.

The renewable-energy developer is in talks with banks on the sale, which may fetch at least $500 million, the people said, asking not to be identified as the information is private.

The sale is likely to draw interest from private equity firms and energy companies focused on the region, the people said. No final decisions have been made, and Alcazar could still decide to keep the assets, they said.


Representatives for Dubai-based Alcazar didn’t respond to a request for comment.