Brookfield Renewable Increases Offer for 2022 OCEANEs in Neoen Tender

Brookfield Renewable Holdings SAS has raised its offer price for the 2022 OCEANEs in its simplified tender for Neoen shares. The new price is EUR 105,000, up from EUR 101,382. The offer for Neoen shares at EUR 39.85 and 2020 OCEANEs at EUR 48.14 remains unchanged. Brookfield will update its draft offer document with these changes for submission to the French financial authority, the AMF.

Finexsi, the independent expert for Neoen, will revise its report, impacting Neoen's board recommendation. Brookfield controls 67.69% of Neoen shares but holds no 2022 OCEANEs. The updated documents will be accessible via Brookfield, Neoen, and AMF websites.