3i mulls options for Spanish windfarm firm GES

(Reuters) - British private equity firm 3i Group Plc said it had hired Citigroup to conduct a "strategic review" of Global Energy Services (GES), the Spanish builder of wind farms it bought four years ago. Two people familiar with the matter told Reuters that 3i was hoping ultimately to sell the company, and the buyout firm hoped GES could fetch roughly 500 million euros ($632 million). GES could interest both rival private equity firms and trade bidders, the people said. "Citigroup has been brought on board to undertake a strategic review of GES, but all options are open at the moment," 3i spokeswoman Kathryn van der Kroft said on Tuesday.

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