Brookfield Seeks to Acquire Neoen for 6.1 Billion
Canada's Brookfield Asset Management has revealed plans to buy France-based Neoen for €6.1 billion ($6.6 billion).
PV Magazine International 12:26 am on June 3, 2024
Brookfield Asset Management has initiated exclusive negotiations to acquire Neoen, a French renewable energy company, for $6.1 billion, aiming to enhance its global presence in renewable markets and battery storage technology expertise. The deal involves Brookfield offering 39.85 per share, raising Neoen's valuation to around this amount.
- Acquisition Initiative: Brookfield Asset Management seeks a strategic acquisition of Neoen.
- Value Proposition: Offering 39.85 per share for approximately $6.1 billion.
- Strategic Growth: To strengthen its global renewable energy portfolio and battery storage technology proficiency.
- Support Post-Acquisition: Neoen's board welcomes the offer, with an anticipated supportive phase in growth and market leadership.
- Transaction Phases: Proposed acquisition to occur over three stages followed by compulsory withdrawal from the Paris Stock Exchange.
https://www.pv-magazine.com/2024/05/31/brookfield-seeks-to-acquire-neoen-for-e6-1-billion/