Brookfield, Impala sign SPA for Neoen stake, France.

Brookfield has signed a share purchase agreement (SPA) with Impala and other shareholders to acquire a majority stake in French renewables company Neoen. The purchase will be made through the Brookfield Global Transition Fund II. Brookfield also signed a tender agreement with Bpifrance for an additional stake in Neoen. The acquisition is expected to accelerate Neoen's growth plans and solidify its position in the renewables industry. The deal is subject to regulatory approvals and is expected to close by Q4 2024. [Extracted from the article]