Adds Brookfield declined to comment
MADRID, Feb 15 (Reuters) - Canadian asset manager Brookfield BAM.TO is seeking to buy the 50% stake in Spain's renewable power company X-elio it does not already own, Spanish newspaper Expansion reported on Wednesday.
The stake is owned by U.S. buyout fund KKR KKR.N and a deal would value X-elio at as much as 2.5 billion euros ($2.68 billion), Expansion reported.
The paper said that KKR had hired investment banks to sell its stake while Brookfield, which first bought a stake in X-elio in 2019, holds a right of first offer.
X-elio operates and builds renewable power infrastructure mainly in Spain, the United States and Latin America.
With its sunny plains, fast-flowing rivers and windy hillsides, Spain is attracting many investors for renewable energy projects.
Brookfield declined to comment. X-elio and KKR did not reply immediately to requests for comment.
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(Reporting by Inti Landauro Editing by Jason Neely and David Goodman )
((Inti.Landauro@thomsonreuters.com;))
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