Apollo Global Management (APO) is among suitors looking to acquire Spain's Fotowatio Renewable Ventures from its Saudi parent Abdul Latif Jameel Energy and Environmental Services, Bloomberg reported Friday, citing sources familiar with the plan.
Abdul Latif has been working with JPMorgan Chase (JPM) on a sale that could value the Madrid-based company at about 2 billion euros ($2.09 billion), the news outlet reported previously.
The talks are ongoing and there is no assurance any deal will take place, Bloomberg added, citing the sources.
Apollo, Fotowatio, and Abdul Latif did not 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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