Brookfield Acquires 53.12% Stake in Neoen from Impala, Eyes $6.4 Billion Takeover

Dec 27, 2024, 02:46 PM

Canadian asset manager Brookfield, along with co-investors, has completed the acquisition of approximately 53.12% of Neoen's shares, moving closer to a $6.4 billion takeover of the renewable energy producer. This acquisition was initially announced in June 2024 and involves purchasing shares from Impala and other shareholders. Following this transaction, Brookfield is expected to launch a bid for the remaining shares of Neoen. The deal is part of a broader trend in the renewable energy sector, where major players are consolidating to enhance their market positions.