Brookfield, La Caisse Close $6.5 Billion Acquisition of Canada's Boralex

3-line summary

• Brookfield Asset Management and La Caisse completed the acquisition of Canadian renewable energy company Boralex for around C$9 billion ($6.5 billion) including debt, a deal announced in March 2026 and carried out through a plan of arrangement under the Canada Business Corporations Act.
• The purchasing consortium acquired all outstanding Class A common shares at C$37.25 per share in cash; La Caisse, previously Boralex's largest shareholder with about 15%, will hold a 30% stake following a post-closing investment, according to a Yahoo Finance report.
• Boralex's headquarters remain in Québec and the company will continue operating independently; its shares are expected to be removed from the Toronto Stock Exchange on or about August 17, with the investment intended to help fund its 2030 Strategic Plan.

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