BBVA: to invest $200 million in a partnership with KKR

(CercleFinance.com) - BBVA and global investment firm KKR have formed a new strategic partnership to support the decarbonization of the economy.


As part of this strategic partnership, BBVA has committed to invest $200 million in KKR's global climate strategy. The two companies made the announcement at Climate Week, held in New York this week.

The strategic partnership will also aim to uncover new investments related to climate infrastructure, including opportunities that support energy transition and electrification. In addition, the strategic partnership will support the complementary strengths of the respective companies, the sharing of knowledge and the common goals of advancing and accelerating the energy transition.

'Our goal is to become a leader in deploying advice and financing to support our customers in the US and Europe in sectors such as energy, construction, mobility and others in building the infrastructure of the future. This ambitious partnership with KKR will be a key element in our sustainability strategy", said Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA.

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