Brief: Brookfield Enters Into Exclusive Negotiations With Impala And Other Shareholders To Acquire A Majority Stake In Neoen

Brookfield Renewable

30/05/2024 11:57

May 30 (Reuters) - BROOKFIELD ASSET MANAGEMENT LTD
 BAM.TO :
    * BROOKFIELD ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH IMPALA
AND
OTHER SHAREHOLDERS TO ACQUIRE A MAJORITY STAKE IN NEOEN AND
LAUNCH A MANDATORY TENDER OFFER FOR 100% OF THE COMPANY
    * BROOKFIELD RENEWABLE CORP: PROPOSED DEAL FOR 39.85 EUROS
PER
SHARE
    * BROOKFIELD RENEWABLE CORP: OFFER IMPLIES AN EQUITY VALUE
FOR
100% OF SHARES OF 6.1 BILLION EUROS.
    * BROOKFIELD RENEWABLE CORP: HAS ENTERED INTO EXCLUSIVE
NEGOTIATIONS TO PURCHASE A 53.32% SHAREHOLDING IN NEOEN
    * BROOKFIELD RENEWABLE: WOULD FILE ALL-CASH MANDATORY TENDER
OFFER
FOR ALL OF REMAINING SHARES AND OUTSTANDING CONVERTIBLE BONDS IN
NEOEN

Source text for Eikon:  ID:nGNX1m5Y1p 
Further company coverage:  BAM.TO 

 ((Reuters.Briefs@thomsonreuters.com;))