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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

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