Canadian asset manager Brookfield Asset Management Ltd. and co-investors moved closer to a €6.1 billion ($6.4 billion) takeover of Neoen SA, acquiring approximately 53% of its shares. The controlling stake, purchased at €39.85 per share from shareholders including Impala SAS, was part of a plan to launch a tender offer for the remaining stock at the same price, aiming to take Neoen private. The transaction highlighted increasing investments in renewables developers as demand for low-carbon energy grew. Similar deals included KKR’s €2.8 billion (~$2.88 billion) bid for Encavis AG, EQT’s SEK 16.4 billion (~$1.475 billion) offers for OX2 AB, and Masdar’s €2.4 billion (~$2.47 billion) acquisition of Terna Energy SA.
Brookfield acquires 53% stake in Neoen for €6.1 Billion
Brookfield acquired 53% of Neoen shares at €39.85 each, marking a step toward a full takeover and privatization. (Image Credit/Source: Pixabay/Pexel)
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