Neoen Agrees to Australian Asset Sale to Smooth Brookfield Takeover
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Asset Sale for Acquisition: Neoen is selling 10 generation and storage assets in Australia to HMC Capital for 950 million Australian dollars, facilitating Brookfield Asset Management's US$6.41 billion takeover of Neoen.
Regulatory Approval Requirement: The sale of these assets was prompted by Australia's competition regulator, which required the divestment before approving Brookfield's acquisition of Neoen.
Analyst Views on HMC
About HMC
Honda Motor Co Ltd is a Japan-based company principally engaged in the motorcycle business, the automobile business, the financial service business and the life creation business. The Company operates through four business segments. The Motorcycle segment is engaged in the research and development, production and sale of motorcycles, all-terrain vehicles (ATVs), side-by-side vehicles and related parts. The Automobile segment is engaged in the research and development, production and sale of automobiles and related parts. The Financial Service segment is engaged in the sales financing and leasing of its products. The Power Products and Other Business segment is engaged in the research and development, production and sale of power products and related parts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
