Boralex Secures Court Approval for $9 Billion Acquisition by Brookfield and La Caisse
Boralex gets court approval regarding deal with Brookfield and La Caisse

Image: The Star
Boralex Inc. has received final court approval from the Superior Court of Quebec for its acquisition deal with Brookfield Asset Management and La Caisse. This follows a shareholder vote that saw 99.86% approval. The deal, valued at $9 billion, is expected to close in the fourth quarter of 2026, pending regulatory approvals.
- 01Boralex received final court approval from the Superior Court of Quebec for its acquisition deal.
- 02The acquisition was approved by 99.86% of shareholder votes.
- 03The deal is valued at $9 billion, including debt, equating to approximately $3.8 billion in equity value.
- 04Brookfield Asset Management and La Caisse are the acquiring parties in this transaction.
- 05The expected completion date for the deal is the fourth quarter of 2026, pending regulatory approvals.
Advertisement
In-Article Ad
Boralex Inc., a renewable power producer based in Quebec, has secured a final order from the Superior Court of Quebec approving its acquisition deal with Brookfield Asset Management Ltd. and La Caisse. This approval follows a strong shareholder endorsement, with 99.86% of votes cast in favor of the transaction. Initially announced in March, the deal is valued at approximately $9 billion, which includes debt, translating to about $3.8 billion in equity value. The acquisition aims to enhance Boralex's capabilities within the renewable energy sector. The transaction remains subject to customary closing conditions and regulatory approvals, which are standard in such large-scale deals. Boralex anticipates that if all conditions are satisfied, the transaction should be finalized by the fourth quarter of 2026. This strategic move represents a significant consolidation in the renewable energy market, positioning Boralex for future growth and expansion in collaboration with two major institutional investors.
Advertisement
In-Article Ad
The acquisition is expected to strengthen Boralex's position in the renewable energy sector, potentially leading to increased investments and job creation in Quebec.
Advertisement
In-Article Ad
Reader Poll
What do you think about the acquisition of Boralex by Brookfield and La Caisse?
Connecting to poll...
Read the original article
Visit the source for the complete story.





