Brookfield Renewable Partners (TSE:BEP.UN) has released an update.
Brookfield Renewable Partners is set to acquire over 50% of Neoen, a top global renewable energy firm, at a premium price, with plans to then make a mandatory cash tender offer for the remaining shares. This strategic move, supported by Neoen’s Board and major shareholders, aims to boost Neoen’s growth and solidify its status as a renewable energy leader. The acquisition underscores Brookfield’s commitment to expanding its renewable energy portfolio and supporting the ongoing demand for clean power.
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