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BRIEF-Brookfield Enters Into Exclusive Negotiations With Impala And Other Shareholders To Acquire A Majority Stake In Neoen
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BRIEF-Brookfield Enters Into Exclusive Negotiations With Impala And Other Shareholders To Acquire A Majority Stake In Neoen
May 30, 2024 4:13 AM

May 30 (Reuters) - BROOKFIELD ASSET MANAGEMENT LTD ( BAM )

:

* BROOKFIELD ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH IMPALA

AND

OTHER SHAREHOLDERS TO ACQUIRE A MAJORITY STAKE IN NEOEN AND

LAUNCH A MANDATORY TENDER OFFER FOR 100% OF THE COMPANY

* BROOKFIELD RENEWABLE CORP ( BEPC ): PROPOSED DEAL FOR 39.85 EUROS

PER

SHARE

* BROOKFIELD RENEWABLE CORP ( BEPC ): OFFER IMPLIES AN EQUITY VALUE

FOR

100% OF SHARES OF 6.1 BILLION EUROS.

* BROOKFIELD RENEWABLE CORP ( BEPC ): HAS ENTERED INTO EXCLUSIVE

NEGOTIATIONS TO PURCHASE A 53.32% SHAREHOLDING IN NEOEN

* BROOKFIELD RENEWABLE: WOULD FILE ALL-CASH MANDATORY TENDER

OFFER

FOR ALL OF REMAINING SHARES AND OUTSTANDING CONVERTIBLE BONDS IN

NEOEN

Source text for Eikon:

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