Brookfield eyes Neoen takeover, offers EUR 6.1bn for majority
- Admin
- May 30, 2024
- 1 min read
Canada's Brookfield Asset Management offers to buy a majority stake in French renewable power producer Neoen SA for EUR 6.1 billion. The deal involves exclusive negotiations for 53.32% of Neoen's stock at EUR 39.85 apiece. The transaction is subject to regulatory approvals with plans for an all-cash mandatory tender offer. Neoen operates in global solar, wind power, and storage markets, owning assets worldwide.
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