Linklaters advised the banks’ syndicate on the initial public offering of Neoen on Euronext Paris

Linklaters acted for the banks’ syndicate comprising J.P Morgan and Natixis as joint global coordinators and joint bookrunners, Barclays and Société Générale as joint bookrunners and Carnegie AS as co-lead managers on the initial public offering of Neoen.

The IPO was amply subscribed by a large and well-diversified number of French and international investors. The offering price was set at €16.50 per share. As a result, the offering amounts to approximately €628 million (including approximately €450 million of newly issued shares and approximately €178 million of existing shares), making it the largest capital raise on Euronext Paris in the last 16 months. The offering may ultimately amount to as much as approximately €697 million in the event that the over-allotment option is fully exercised.

Neoen is the leading independent French producer of exclusively renewable energy – solar, wind and storage – with 2 GW currently in operation and under construction and another 1 GW already awarded.

Linklaters advised the banks’ syndicate, led by Capital Markets partner Bertrand Sénéchal, and associates Clément Moine and Elise Alperte in Paris. Luis Roth, partner, and David Adler, associate, were in charge of the US aspects. Cyril Boussion, partner, and Nadine Eng, associate, were in charge of the fiscal aspects .

Cleary Gottlieb Steen & Hamilton LLP advised Neoen.