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. The Brookfield Global Transition Fund is managed by Brookfield Asset Management. Brookfield's institutional partners on the proposal include Brookfield Renewable and Singapore's Temasek.Why the Dow has fallen 1,000 points in the last three days