Brookfield Offers to Buy Outstanding Shares in Neoen (1)

Brookfield Asset Management Ltd. offered to buy outstanding shares in Neoen SA, the final step in its planned €6.1 billion takeover of the French renewable energy developer.

Brookfield Renewable Holdings SAS offered to pay €39.85 per share, according to a statement. The Canadian asset manager’s unit already acquired a controlling stake in Neoen last year and plans to take the firm private.

See also: Brookfield-Led Group Buys 53% of Neoen, Paving Way for Takeover

Its the latest sign of major investors seeking exposure to the clean-power sector amid growing demand for low-carbon energy. Asset managers have been pouring ...