Boralex Announces Shareholder Approval of the Arrangement with Brookfield and La Caisse
The deal won 99.86% shareholder support and still needs court and regulatory approvals before a planned close in late 2026.
- On June 4, 2026, Boralex Inc. shareholders approved the $9 billion acquisition by Brookfield Infrastructure Fund V and Caisse de dépôt et placement du Québec at an annual meeting.
- Originally announced in March, the agreement involves the two Canadian institutional giants purchasing the Quebec-based renewable power producer for about $3.8 billion in equity value.
- Shareholders voted overwhelmingly in favor, with 99.86% of votes cast at the meeting supporting the special resolution for the statutory plan of arrangement.
- A hearing scheduled for today, June 5, 2026, will address the final order by the Superior Court of Quebec, a key requirement for completing the arrangement.
- Assuming remaining conditions are satisfied, Brookfield and La Caisse expect to complete the acquisition by the fourth quarter of 2026, then delist Boralex shares from the Toronto Stock Exchange.
20 Articles
20 Articles
Boralex gets court approval regarding deal with Brookfield and La Caisse
MONTREAL — Boralex Inc. says it has obtained a final order from the Superior Court of Quebec approving its deal with Brookfield Asset Management Ltd. and La Caisse. The court order comes one day after Boralex announced the transaction was approved by 99.86 per cent of votes cast by shareholders. The deal for the two Canadian institutional giants to buy the renewable power producer was originally announced in March. At the time, Brookfield Asset …
Boralex Obtains Final Court Approval of the Arrangement with Brookfield and La Caisse
MONTRÉAL, June 05, 2026 (GLOBE NEWSWIRE) -- Boralex Inc. ("Boralex" or the "Corporation") (TSX: BLX) announced today that the Corporation has obtained a final order from the Superior Court of Québec (Commercial Division) approving the previously-announced plan of arrangement under…
The purchase of the renewable energy producer for 3.8 billion still needs to be approved by the authorities.
The shareholders of Boralex accepted the offer to purchase Brookfield and La Caisse, at an annual meeting on Thursday.
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