Neoen SA (FR:NEOEN) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Neoen SA has agreed to sell its portfolio of operational assets and projects in Victoria, Australia, to HMC Capital for 950 million Australian dollars. This strategic move is part of Neoen’s commitment to fulfill regulatory conditions for Brookfield’s acquisition of a majority stake in the company. Despite the sale, Neoen remains committed to expanding its renewable energy footprint in Australia, aiming to achieve 10 GW of capacity by 2030.
For further insights into FR:NEOEN stock, check out TipRanks’ Stock Analysis page.
