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Brookfield nears deal to buy majority stake in France's Neoen, Bloomberg reports
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Brookfield nears deal to buy majority stake in France's Neoen, Bloomberg reports
May 29, 2024 9:55 PM

May 30 (Reuters) - Canada's Brookfield is

nearing a deal to acquire a 53% stake in French renewable power

producer Neoen, valuing it at around 6.1 billion

euros ($6.59 billion), Bloomberg News reported on Thursday,

citing people familiar with the matter.

Brookfield is buying the 42% stake owned by French

billionaire Jacques Veyrat's Impala SAS holding company, the

report said.

The Canadian asset manager will buy the remainder of the

stake from some of Neoen's other shareholders at about 40 euros

per share, it added.

Brookfield and Neoen did not immediately respond to Reuters'

requests for comment.

Shares of the Neoen closed at 31.40 euros on Wednesday,

giving the company a market cap of about 4.8 billion euros.

($1 = 0.9263 euros)

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Varun H

K)

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