Masdar in Talks to Buy Stake in Turkish Renewables Firm Fiba

The United Arab Emirates’ clean energy producer Masdar is in talks to buy a stake in Turkey’s Fiba Yenilenebilir Enerji, in what would be the first acquisition in a $51 billion investment push between the two countries, according to people familiar with the matter.

The negotiations aren’t finalized, the people said, without elaborating on the potential size of the deal. They asked not to be identified as the talks weren’t made public.

Fiba didn’t respond to requests for comment. Masdar said it doesn’t comment on market speculation.

Fiba, owned by Turkish billionaire Husnu Ozyegin’s Fiba Group, ...