

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.
Jacques Veyrat received the renewable energy business now known as Neoen SA as part of an exit package after losing a power struggle with the widow of his former boss. Now he’s on the verge of pocketing €2.6 billion ($2.8 billion) from its sale.
Brookfield is in exclusive talks to acquire a majority stake in Neoen SA in a deal valuing the French renewable energy developer at about €6.1 billion ($6.6 billion).
French renewable energy developer Neoen SA is considering selling a 30% stake in its Australian unit to raise more than €1 billion ($1.1 billion) to fund its growth in the country, according to people familiar with the matter.