Industry News, Trustworthy Insights

Popular Companies:

Brookfield: Massive €3.25bn Renewable Energy Acquisition Explained

Brookfield, alongside Temasek, has secured an agreement to acquire a 53.32% stake in Neoen, a prominent renewable energy producer, from Impala and other shareholders for €3.25 billion.

Bruce Flatt, CEO of Brookfield. PHOTO: Brookfield/CHRIS YOUNG/THE CANADIAN PRESS
Bruce Flatt, CEO of Brookfield. PHOTO: Brookfield/CHRIS YOUNG/THE CANADIAN PRESS

This acquisition aims to bolster Brookfield’s presence in the renewable energy sector, expanding its global footprint. The deal entails Brookfield entering exclusive negotiations with Impala, the Fonds Stratégique de Participations, Cartusia, and Xavier Barbaro. The purchase price of €39.85 per share represents a 26.9% premium over

More from Krugman Insights

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]