Brookfield Renewable (BEPC) has released an update.
Brookfield Renewable has initiated a strategic move to acquire a majority stake of approximately 53.32% in Neoen, a leading renewable energy company, at a premium price of 39.85 euros per share, indicating a valuation of 6.1 billion euros for the entire company. This transaction will also include a mandatory all-cash tender offer for the remaining shares and convertible bonds. The deal is well-received by Neoen’s board, with Brookfield aiming to bolster Neoen’s growth and fortify its global leadership in the renewable energy sector.
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