Brookfield in Talks to Buy France’s Neoen for €6.1 Billion (1)

Brookfieldis 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).

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.

Brookfield, together with Brookfield Renewable Partners and Singapore’s Temasek Holdings Pte, plans to purchase the 42% owned by French billionaire Jacques ...