Brookfield and La Caisse have closed their acquisition of Boralex Inc., the Montreal-based renewable power producer listed on the Toronto Stock Exchange under BLX, the parties said on August 14, 2026.
The buyer group consists of Brookfield together with institutional partners including Brookfield Renewable Partners, and La Caisse, the Quebec institutional investor formerly known as CDPQ. The transaction had been announced previously; the statement confirms only that it has now been completed.
The deal was carried out as a plan of arrangement under the Canada Business Corporations Act. A plan of arrangement is a court-approved procedure used in Canada to acquire all of a company's outstanding shares, which requires shareholder and court approval and results in the target being taken private.
No purchase price, share consideration or ownership split between the buyers was disclosed in the announcement, and it gives no detail on regulatory approvals, closing conditions or the timetable for Boralex's delisting from the TSX.
Source: GlobeNewswire
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