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Neoen S.A. (NOSPF)
- Bloomberg
Ex-CEO Gets $2.8 Billion From Sale a Decade After Dreyfus Ouster
(Bloomberg) -- Jacques Veyrat received the renewable energy business now known as Neoen SA as part of an exit package after losing a power struggle with the widow of his former boss. Now he’s on the verge of pocketing €2.6 billion ($2.8 billion) from its sale. Most Read from BloombergWall Street Billionaires Are Rushing to Back Trump, Verdict Be DamnedDonald Trump Becomes First Former US President Guilty of CrimesTrump Is Guilty on All Counts in Hush-Money Case. Now What?S&P 500 Spikes in Final
- Bloomberg
Brookfield Confirms It’s in Talks to Buy France’s Neoen at $6.6 Billion Valuation
(Bloomberg) -- Brookfield is in exclusive talks to acquire a majority stake in Neoen SA with a view to launch a takeover offer that would value the French renewable energy developer at about €6.1 billion ($6.6 billion).Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs Soar‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpWarning Signals Are Flashing for Homeowners in Texas and FloridaInsurers Sink as UnitedHealth Sees ‘Disturbance’ in MedicaidAmerica
- Reuters
Brookfield enters deal to buy France's Neoen for $6.6 billion
The deal marks one of the biggest take private deals in Europe this year and comes amid strong investor interest in renewable energy assets. Asset manager Brookfield said it is in discussions to acquire a 53.32% stake for 39.85 euros per share from Neoen's main shareholders, and then the remainder of the company at the same price, according to a joint statement by the companies. The offer price was almost 27% higher than Neoen's last closing price.
