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Brookfield and La Caisse sign deal to buy Quebec-based power producer Boralex
Brookfield and La Caisse offer a 31.8% premium to acquire Boralex, aiming to accelerate its 2030 growth plan and expand renewable capacity across multiple countries.
- On Wednesday, Boralex Inc. announced it entered a definitive arrangement agreement to be acquired by Brookfield and La Caisse for $37.25 per share in cash.
- Following a strategic review disclosed on Monday, the deal aims to support Boralex's 'accelerated growth phase requiring significant capital deployment and financial flexibility,' Patrick Decostre said.
- The offer represents a 36.4% premium over the March 20 trading price, with Brookfield holding 70% and La Caisse increasing its stake to 30%, implying a $9.0 billion enterprise value.
- Expected to close by Q4 2026, the transaction requires shareholder and regulatory approvals; Boralex's Board has unanimously approved the deal and intends to combine the vote with its annual meeting.
- With backing from its new owners, Boralex will accelerate development of its 8.2-gigawatt pipeline of wind, solar and battery projects while leveraging 35 years of renewable energy experience across Canada, the U.S., France and the U.K.
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14 Articles
14 Articles
The transaction gives the Montreal company a value of $9 billion.
·Montreal, Canada
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Brookfield and La Caisse acquire the renewable energy producer Boralex, in a transaction valued at $9 billion.
·Montreal, Canada
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Brookfield Asset Management and Caisse de Depot et Placement du Quebec agreed to acquire Canadian renewable energy firm Boralex for C$37.25/share in cash.
·United States
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Coverage Details
Total News Sources14
Leaning Left5Leaning Right2Center3Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 30%
R 20%
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