French Authority Approves Brookfield's Tender Offer for Neoen

The French financial markets authority (AMF) has approved Brookfield Renewable Holdings’ mandatory simplified cash tender offer for Neoen's remaining shares and convertible bonds. This offer aims to acquire the 32.31% share capital of Neoen that Brookfield does not currently own, alongside all Neoen's convertible bonds issued in 2020 and 2022. The offer price is set at 39.85 euros per share, which presents a premium over the 3-month and 6-month average prices prior to the transaction announcement.

Finexsi, as an independent expert, confirmed the fairness of the offer's financial terms for shareholders and bondholders. Neoen’s Board of Directors, advised by an ad hoc Committee, has recommended the acceptance of the offer. The tender offer is scheduled to open on 13 February 2025 and close on 13 March 2025, with potential follow-up procedures if legal conditions are met.