Brookfield Offers to Buy Outstanding Shares in Neoen
- Canadian asset manager already has controlling stake in Neoen
- Brookfield’s tender offer will be valid for 21 trading days
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Brookfield Asset Management Ltd. offered to buy outstanding shares in Neoen SA, the final step in its planned €6.1 billion takeover of the French renewable energy developer.
Brookfield Renewable Holdings SAS offered to pay €39.85 per share, according to a statement. The Canadian asset manager’s unit already acquired a controlling stake in Neoen last year and plans to take the firm private.