Brookfield Acquires Majority Stake in Neoen SA

Neoen SA (FR:NEOEN) has released an update.

Neoen SA is set to change hands as Brookfield has signed agreements to acquire a majority stake from Impala and other shareholders. The deal involves purchasing approximately 53.12% of Neoen’s outstanding shares at €39.85 per share, with a subsequent all-cash tender offer planned for the remaining shares and convertible bonds post-acquisition. Regulatory approvals are expected by Q4 2024, with the tender offer slated for Q1 2025.

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