Brookfield to Takeover France’s Neoen in $6.5 Billion Deal
Brookfield Asset Management BN 1.82%increase; green up pointing triangle agreed to buy a majority stake in France’s Neoen NEOEN 1.46%increase; green up pointing triangle, the first step toward a full acquisition in a deal that values the renewables company as a whole at 6.09 billion euros ($6.54 billion).
With the deal, Brookfield aims to bolster exposure to renewables and battery-storage technology and to accelerate Neoen’s portfolio expansion.
Source: WSJ