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Brookfield Nears Purchase of 53% Stake in Neoen for $6.6 Billion
May 30, 2024, 07:38 AM
Brookfield Asset Management is nearing the purchase of a 53% stake in French renewable energy developer Neoen. The deal values Neoen at approximately €6.1 billion ($6.6 billion). Brookfield is leading the discussions and is expected to finalize the agreement soon. The transaction is reported to be worth $6.59 billion.
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Markets
No • 50%
Yes • 50%
Official press release from Brookfield Asset Management or Neoen, financial news reports
No • 50%
Yes • 50%
Announcements from French regulatory bodies, financial news reports
No • 50%
Yes • 50%
Stock market data from financial news websites, stock exchanges
CEO change • 33%
No significant leadership change • 34%
CFO change • 33%
Official announcements from Neoen, financial news reports
Profit decrease • 25%
Loss • 25%
No significant change • 25%
Profit increase • 25%
Financial statements from Brookfield Asset Management, financial news reports
No significant change • 34%
Expansion of projects • 33%
Reduction of projects • 33%
Official project updates from Neoen, financial news reports