Neoen seen soaring on Brookfield's $6.6 bln buyout offer
30/05/2024 07:53
** Neoen shares NEOEN.PA are seen up around 20% after the
French renewable power producer confirmed that Canada's
Brookfield BN.TO is nearing a deal to buy it for around 6.1
bln euros ($6.6 bln)
** Neoen start talks with asset manager Brookfield which
wants to buy a 53.32% stake for 39.85 euros per share from main
shareholders, and launch a mandatory tender offer for the
remainder of the company's capital
** Neoen's shares closed at 31.40 euros on Wednesday, giving
it a market cap of about 4.8 bln euros
(Reporting by Olivier Sorgho)
((Olivier.Sorgho@thomsonreuters.com))