This Dividend Stock's Latest Deal Will Supercharge its Growth and Australia's Decarbonization Efforts
Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) is leading the charge to reduce carbon emissions in Australia. The company and its partners recently agreed to acquire Origin Energy (ASX: ORG) for $18.7 billion Australian ($12.4 billion). They plan to invest another AU$20 billion ($13.3 billion) over the next decade in building new renewable energy and storage facilities in the country. That investment will help decarbonize Origin Energy's operations while powering growth for Brookfield.
Here's a closer look at the deal and what it means for Brookfield's high-yielding dividend and the environment.
Brookfield Renewable and an array of partners have agreed to acquire Origin Energy in a two-piece transaction. The consortium is paying AU$8.91 ($5.92) per share for the entire company. That's a 54.3% premium to its price before the initial offer came public last November.
Source Fool.com
