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The latest update is out from Neoen SA ( (FR:NEOEN) ).
Neoen SA has announced the availability of information regarding a simplified tender offer initiated by Brookfield Renewable Holdings SAS for its shares and convertible bonds. The offer aims to acquire shares and bonds that can be converted into Neoen shares, with plans for a squeeze-out procedure to delist remaining non-tendered shares and bonds if the threshold of shares not tendered falls below 10%. This strategic move could significantly impact Neoen’s market presence by potentially transitioning it from Euronext Paris, affecting its shareholder structure and market accessibility.
More about Neoen SA
Neoen SA is a leading French company in the renewable energy sector, specializing in the development, construction, and operation of green power plants globally. Its primary products and services include solar, wind, and energy storage solutions, aimed at providing sustainable energy solutions to address global energy challenges.
Average Trading Volume: 108
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €6.08B
For a thorough assessment of NEOEN stock, go to TipRanks’ Stock Analysis page.