Brookfield Asset Management and La Caisse have teamed up to acquire Canadian renewable energy company Boralex for around C$9bn ($6.5bn), including debt.
The acquisition involves the purchase of all issued and outstanding Class A common shares of Boralex at C$37.25 per share.
The transaction, expected to close by the fourth quarter of 2026 (Q4 2026), has received unanimous approval from Boralex’s Board of Directors.
La Caisse, currently the largest shareholder with approximately 15% of the shares, will increase its ownership to 30% following a post-closing investment in Boralex, while Brookfield will hold the remaining shares.
Shareholders are set to vote on the transaction, which is also subject to necessary regulatory approvals.
