Brookfield Renewable Holdings SAS announced the implementation of the squeeze-out procedure for the remaining Neoen shares and 2022 OCEANEs not tendered in its simplified tender offer. This follows the successful completion of the offer, which ran from February 13 to March 13, 2025.
Following the offer, Brookfield Renewable Holdings and its concert parties held 97.73% of Neoen's share capital and voting rights, and 95.76% of the outstanding 2022 OCEANEs. The conditions for a squeeze-out were met, as the remaining shares and convertible bonds represented less than 10% of the total.
The squeeze-out will be implemented on April 4, 2025, with compensation set at 39.85 euros per share and 103,562.50 euros (ex-coupon) per 2022 OCEANE. Trading of Neoen's shares and OCEANEs has been suspended and will be delisted on April 4, 2025, marking the full acquisition of Neoen by Brookfield.
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