Canada's Brookfield and Temasek could buy Neoen

The Canadian infrastructure fund Brookfield, in association with Temasek, Singapore's sovereign wealth fund, could acquire Neoen, one of France's leading renewable energy developers. The deal would value Neoen at €6.1 billion. Brookfield and Temasek are in exclusive negotiations with Impala, the investment holding company headed by Jacques Veyrat, which holds 54% of Neoen's shares. The aim of Brookfield and Temasek would then be to acquire the entire share capital of Neoen. In 2018, Impala sold Direct Energie to TotalEnergies for €1.9 billion. Neoen's portfolio consists of 8,000 MW of wind, solar and battery assets in operation or under construction and nearly 20,000 MW of projects under development.