Ashurst advises lenders on Brookfield and Impala's acquisition of Neoen

Ashurst is advising BNP Paribas and Société Générale on the financing to be arranged in connection with Brookfield's entry into exclusive negotiations with Impala, Fonds Stratégique de Participations, Cartusia and Xavier Barbaro (CEO of Neoen), as well as other shareholders, for the acquisition of a majority stake in Neoen. Brookfield's offer implies a valuation of 6.1 billion euros for 100% of Neoen's capital.

The acquisition of this controlling interest, which is subject to customary regulatory approvals, would result in a public offer for the remaining Neoen shares and the convertible bonds (OCEANEs) issued by Neoen. If the public offer is successful, Brookfield intends to implement a squeeze-out procedure.

The Ashurst team was led in Paris by partners Pierre Roux (Global Loan), Nicolas Bombrun (Corporate) and Emmanuelle Pontnau-Faure (Tax), with the assistance of associates Kevin Perraudin (Global Loans), Arnaud Conquis (Global Loans), Mickaël Bavier (Global Loans), Athénaïs de Sercy (Corporate) and Lucas Halimi (Tax); and in London by Antony Skinner (Projects & Energy Transition), Navdeep Benning (Global Loans), partners, with the assistance of Alice Rosenshaw (Projects & Energy Transition), associate.