Date Closed

December 30, 2024

Lead Office

Toronto

Value

3.25 Billion EUR

On December 30, 2024, Brookfield Renewable Holdings ("Brookfield") and Temasek completed the acquisition of a 53.12% stake in Neoen for EUR 3.25 billion from Impala and other shareholders. Subsequent to the transaction, Brookfield will launch a mandatory simplified cash tender offer for the remaining shares in Neoen.

Brookfield, headquartered in Toronto, Ontario, operates a globally diversified portfolio of renewable power and decarbonization solutions, including hydroelectric, wind, solar, distributed energy, and other sustainable solutions.

Neoen, based in Paris, France, is an independent producer of exclusively renewable energy with solar plants, wind farms and battery storage facilities across 15 countries.

McCarthy Tétrault advised Brookfield with a team led by Jonathan See (Business) and Jason Gudofsky (Competition/Antitrust) that included Kerri Lui, Kimberly Howard, Kerri Howard, Reena Goyal, Ian Mak, Will Rooney, Michael Shahinian, Vivian Sy, Sarah Chen (Business), Oana Chivaran, Olivia Trojko (Financial Services), Mark Christensen, Isabel Henkelman, Luke Madill, Yasin Celik (Business Real Property and Planning), Justin Turc, Chris Boettcher (Labour & Employment), Michael Caldecott, Oliver Borger, Gideon Kwinter (Competition/Antitrust), and Daphne Rodzinyak (Environmental).