Canadian asset manager Brookfield has announced the completion of its acquisition of Neoen, a leading French renewable energy company. After taking a majority stake of 53.12% in Neoen’s capital in December 2024, Brookfield launched a mandatory public offer (OPA) in January 2025, raising its stake to 97.73%. This acquisition now allows Brookfield to request the delisting of Neoen’s stock from the Paris Stock Exchange, a decision that could mark a strategic reorganization of the company.
Acquisition and Delisting from the Paris Stock Exchange
The transaction was completed on March 13, 2025, allowing Brookfield to reach a 97.73% shareholding in Neoen. As part of the deal, the remaining shareholders will be compensated at the price of €39.85 per share, the same amount offered during the OPA. Neoen, previously listed on the Paris Stock Exchange and part of the SBF 120 index, is now under Brookfield’s majority control, which has taken steps to remove the stock from the Exchange. This move is part of a process aimed at streamlining the management and structure of the company at an international level.
Néoen’s International Growth Strategy
Founded in 2008, Neoen is now a key player in the renewable energy sector, with projects in France, Australia, Finland, and Mexico. The company has a total production capacity of 8.9 gigawatts, spanning solar, wind, and energy storage projects. As a primary competitor to large global energy groups, Neoen continues to invest in expanding its production capacity and diversifying its energy sources. The company thus positions itself as a leading actor in the global energy transition.
Financial Performance and Profitability Pressures
Despite significant growth in terms of installed capacity, Neoen saw its net profit drop by 87% in 2024, falling to just €19 million. This significant decline is largely attributed to increased debt financing costs, which have impacted the company’s profitability. However, Neoen’s revenue grew by 2%, reaching €533.1 million, primarily driven by the wind and solar sectors, which generated €229.4 million and €207.7 million, respectively. These results highlight the challenges Neoen faces in an economic environment marked by rising interest rates and the increasing costs of financing its projects.
