BRUSSELS, Dec 11 (Reuters) - Energy trader Gunvor has agreed to acquire a 75% stake in 785 megawatt (MW) power plant in Bilbao, Spain, from BP gas marketing, Gunvor said on Monday.
The facility will be the Geneva trader's first power plant acquisition. The deal is expected to complete in the first quarter of 2024.
Gunvor has a team about 10 people covering EU power trading in Geneva, Madrid and London. The company has been building up the team since 2019.
BP (BP.)
