Brookfield Renewable Partners LP

BEP.UN: XTSE (CAN)
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Brookfield Renewable Announces Acquisition of Origin Energy

We do not plan to materially change our fair value estimate for Brookfield Renewable following the announcement that the company, along with an EIG consortium, has signed a binding agreement to acquire Australia-based Origin Energy. We view the shares of Brookfield Renewable as slightly undervalued at current levels.

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