The Toronto-based asset manager, along with Brookfield Renewable Partners and Singapore’s Temasek, is in exclusive talks to buy the renewable power producer for €39.85 per share—a 27 per cent premium on Neoen’s last closing price. (The Logic)
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The Toronto-based asset manager, along with Brookfield Renewable Partners and Singapore’s Temasek, is in exclusive talks to buy the renewable power producer for €39.85 per share—a 27 per cent premium on Neoen’s last closing price. (The Logic)
Talking point: Neoen operates renewable energy projects—including wind, solar and battery storage—in 16 countries, according to its website. Brookfield plans to take the company private after first buying 53.32 per cent of it from its main shareholders, including French billionaire Jacques Veyrat’s Impala SAS, and eventually the remaining shares. The deal adds to Brookfield’s US$102-billion portfolio of renewable energy and transition assets. It’s the latest in a string of renewable energy company takeovers, as declining stock prices in the sector have created buying opportunities for investors.
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