Brookfield Finances EIP’s Repsol Renewables Stake Deal (1)

Brookfield Asset Management Ltd. provided debt financing for Energy Infrastructure Partners AG’s purchase of a stake in Repsol SA’s renewable power unit, according to people familiar with the matter.

In June, a group of funds managed by Zurich-based EIP and Credit Agricole Assurances agreed to buy a 25% stake in Repsol Renewables in a deal that valued the Spanish oil company’s subsidiary at an enterprise value of 4.4 billion euros ($4.7 billion), the companies said in a statement announcing the deal. The transaction closed last month, a representative for Repsol said, without providing further details.

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