tiprankstipranks
Brookfield Acquires Majority Stake in Neoen SA
Company Announcements

Brookfield Acquires Majority Stake in Neoen SA

Neoen SA (FR:NEOEN) has released an update.

Don't Miss our Black Friday Offers:

Neoen SA is set to change hands as Brookfield has signed agreements to acquire a majority stake from Impala and other shareholders. The deal involves purchasing approximately 53.12% of Neoen’s outstanding shares at €39.85 per share, with a subsequent all-cash tender offer planned for the remaining shares and convertible bonds post-acquisition. Regulatory approvals are expected by Q4 2024, with the tender offer slated for Q1 2025.

For further insights into FR:NEOEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskNeoen Expands Solar Capacity in France with New Projects
TipRanks European Auto-Generated NewsdeskNeoen Reports Revenue Decline Amid Portfolio Expansion
TipRanks European Auto-Generated NewsdeskNeoen’s First Phase of Collie Battery Powers Up Western Australia
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App