KKR has completed its acquisition of Gestamp Asetym Solar from Gestamp Renewables for $1bn.

KKR a leading global investor, has completed its acquisition of an 80% stake in Gestamp Asetym Solar, a premier global solar PV developer and operator from Gestamp Renewables for $1bn. "We feel that this alliance between a well-established industrial group like Corporación Gestamp and a leading global investor like KKR creates a winning formula for our respective companies. We are very happy to announce this transaction which provides a solid platform to ensure the continuing success of our solar business. Meanwhile, we continue to evaluate our options for Gestamp Wind." Jon Riberas, Gestamp Renewables President.