Neoen: Brookfield acquires block of shares

(CercleFinance.com) - Neoen announces that Brookfield has completed the acquisition from Impala and other shareholders of approximately 53.
12% of its share capital in Neoen at a price of E39.85 per share, pursuant to the agreement announced on 25 June.

Completion of this block purchase is subject to Brookfield obtaining all necessary regulatory approvals (including those required for merger control and foreign investments).

In the next few days, Brookfield will file with the AMF a draft simplified mandatory cash tender offer for the remaining shares (and OCEANEs) of Neoen, at a price of E39.85 per share.

If the legal and regulatory conditions are met, and as previously announced, Brookfield intends to implement a squeeze-out on the shares of the renewable energies group, following the closing of this offer.


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