Ex-CEO Gets $2.8 Billion From Sale a Decade After Dreyfus Ouster
- French investor received Neoen assets in Dreyfus exit package
- Canada’s Brookfield made an offer to buy renewables firm
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Jacques Veyrat received the renewable energy business now known as Neoen SA as part of an exit package after losing a power struggle with the widow of his former boss. Now he’s on the verge of pocketing €2.6 billion ($2.8 billion) from its sale.
The 61-year-old investor backed an offer this week for his 42% stake in the wind and solar producer that would value it at about €6.1 billion. Under the planned deal, Canadian asset manager Brookfield and partners will acquire the holding from Impala SAS, Veyrat’s family-owned investment company.