Brookfield Confirms Talks to Buy Majority Stake in Neoen

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(Bloomberg) -- Brookfield is in exclusive talks to acquire a majority stake in Neoen SA in a deal valuing the French renewable energy developer at about €6.1...

-- Brookfield is in exclusive talks to acquire a majority stake in Neoen SA in a deal valuing the French renewable energy developer at about €6.1 billion .The Canadian asset manager is discussing buying a 53.3% stake in Neoen at €39.85 per share, according to a statement on Thursday, confirming an earlier Bloomberg News report. The potential offer represents a 26.9% premium to Neoen’s last closing price in Paris.

A deal would rank as one of the largest take-privates in Europe this year and would come at a time when listed alternative energy companies have been drawing takeover interest after declines in their stock prices. -- Five major Australian beef producers banned from exporting meat to China will be allowed to resume trade immediately, in the latest move by Beijing to normalize economic ties with Canberra.

WALTHAM, Mass., May 30, 2024--Takeoff Technologies, Inc. , a provider of e-grocery fulfillment solutions to leading grocery retailers across the globe, today announced that the Company and its subsidiaries filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware .

 

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