Market Chatter: BlackRock-Owned GIP's Skyborn Unit Eyes Stake Sale in German Offshore Wind Project

MT Newswires Live
Oct 09

BlackRock-owned (BLK) Global Infrastructure Partners' Skyborn Renewables subsidiary is planning a stake sale in the Gennaker wind farm under development off Germany, Bloomberg News reported Thursday, citing people familiar with the matter.

The company has mandated Banco Santander (SAN) to run a sales process for the project, the unnamed sources told the news outlet.

The development still hasn't secured a power-purchase deal, but remains in late-stage negotiations, Bloomberg reported, citing the sources.

Skyborn declined to comment, while BlackRock and Santander didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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