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Brookfield’s Bid for Neoen Gains Approval, Offering Premium Prices

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Brookfield’s Bid for Neoen Gains Approval, Offering Premium Prices

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Neoen SA ( (FR:NEOEN) ) has shared an announcement.

Brookfield Renewable Holdings has launched a simplified takeover bid for the remaining shares and convertible bonds of Neoen, representing approximately 32.31% of the capital. The offer has been approved by the AMF and includes a significant premium on Neoen’s share price, with the board of Neoen expressing support for the bid, positioning Brookfield to strengthen its presence in the renewable energy sector.

More about Neoen SA

Neoen SA is a leading independent producer of renewable energy, specializing in solar, wind, and storage projects. With a focus on sustainability and innovation, Neoen operates globally and aims to contribute significantly to the transition towards cleaner energy solutions.

Average Trading Volume: 108

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €6.08B

For an in-depth examination of NEOEN stock, go to TipRanks’ Stock Analysis page.

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