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Brookfield Seals The Deal: Snags Major Stake In French Powerhouse Neoen

Brookfield Asset Management Ltd. (NYSE:BAM) disclosed signing a share purchase agreement for a majority stake in France’s Neoen. This transaction, known as the “Block Acquisition,” was signed after Neoen completed its works council information and consultation process. As announced earlier, Brookfield’s offer implies an equity value of 100% of the shares of EUR 6.1 billion. In particular, Brookfield inked a share purchase agreement with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusia, Xavier Barbaro, and other shareholders to acquire approximately 53.12% of Neoen’s outstanding shares ...