Brookfield will acquire a majority of renewable energy giant Neoen

Brookfield Renewable Partners (TSE:BEP.UN) has released an update.

Brookfield Renewable Partners intends to acquire more than 50% of Neoen, the world’s leading renewable energy company, at a premium price and then plans to make a mandatory cash tender offer for the remaining shares. This strategic move, supported by Neoen’s Management Board and key shareholders, aims to drive Neoen’s growth and strengthen its status as a leader in renewable energy. The acquisition underscores Brookfield’s commitment to expanding its renewable energy portfolio and supporting the ongoing demand for clean energy.

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