Brookfield ups Neoen 2022 OCEANEs bid in Paris offer

Canada-based Brookfield Renewable Holdings SAS has increased the price offered for the 2022 OCEANEs from EUR 101,382 (~$106680.28) to EUR 105,000 (~$110487.35) as part of its mandatory simplified tender offer for Neoen shares and OCEANEs. The offer price for Neoen shares (EUR 39.85) and 2020 OCEANEs (EUR 48.14) remains unchanged. Brookfield, holding 67.69% of Neoen's share capital and 30% of 2020 OCEANEs, will file an updated draft offer document with the French financial markets authority (AMF). Neoen's board of directors will issue a revised opinion based on the updated independent expert report by Finexsi. Both the offer document and response document will be available on Brookfield, Neoen, and AMF websites. The tender offer is subject to AMF review.