Procurement News Notice |
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| PNN | 86162 |
| Work Detail | Canadian investor completes 53% share purchase after obtaining regulatory approvals Brookfield has completed the acquisition of a majority stake in French developer Neoen after obtaining regulatory approvals for the deal announced earlier this year. The investor has picked up 53.12% of shares in the company at a price of €39.85 per share as part of the block acquisition from Impala and other shareholders. It will next file a mandatory simplified cash tender offer for the remaining stake in Neoen with French financial authorities. Brookfield’s deputy chief investment officer for renewable power Ignacio Paz-Ares said: “We are pleased to have completed a significant milestone towards the de-listing of the business and intend to launch the tender offer for the remaining securities in the coming days. “Combining Neoen’s world-class portfolio of renewable assets with Brookfield’s extensive expertise and access to capital will support the continued growth of the business and build on its global leadership position.” Neoen chief executive Xavier Barbaro added: “I would like to thank Impala for its unwavering support as Neoen’s historical key shareholder. Impala has been instrumental over the last 15 years in contributing to make Neoen one of the world’s leading players in renewable energy. “We are now thrilled to welcome Brookfield as new majority shareholder. Sharing the same vision for clean, competitive and local produced energy, we look forward to building with Brookfield a future of endless growth possibilities for Neoen.” |
| Country | France , Western Europe |
| Industry | Energy & Power |
| Entry Date | 31 Dec 2024 |
| Source | https://renews.biz/97882/brookfield-seals-majority-acquisition-of-neoen/ |
