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Brookfield in talks to buy French renewable power company Neoen

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TORONTO — Brookfield is in talks to acquire a majority stake in French renewable power developer Neoen, with plans to buy the remaining interest in the company, if it is successful in reaching a deal.

The Canadian company says it is in exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusia and Xavier Barbaro, and other shareholders to acquire a 53.32 per cent stake in Neoen at a price of 39.85 euros per share.

 

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