Deals
Neoen Said to Study Raising €1 Billion From Australia Stake Sale
- French renewables firm may sell 30% of Neoen Australia
- Utility is working with an adviser; eyes second-half sale
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French renewable energy developer Neoen SA is considering selling a 30% stake in its Australian unit to raise more than €1 billion ($1.1 billion) to fund its growth in the country, according to people familiar with the matter.
The sale would be part of Neoen’s plan to expand in Australia and elsewhere beyond 2025 without having to resort to a new share sale by the Paris-based parent company, said the people, who asked not to be named because the information is private.