Boralex Inc., Brookfield and La Caisse (formerly CDPQ) announced today the completion of the previously announced acquisition of Boralex by Brookfield, together with its institutional partners including Brookfield Renewable Partners, and La Caisse, by way of a plan of arrangement under the provisions of the Canada Business Corporations Act.
Pursuant to the terms of the Arrangement, the Purchaser acquired all of the issued and outstanding class A common shares (the “Shares”) of Boralex for a price of $37.25 per Share in cash.
The Purchaser has caused to be delivered to Computershare Investor Services Inc. (“Computershare”), the depositary for the Arrangement, sufficient funds to enable it to make payments to the shareholders of Boralex pursuant to the terms of the Arrangement. In accordance with the Arrangement, payment will be made by Computershare to the shareholders of Boralex as soon as practicable following the date hereof.
Also Read: What Are Industrial Energy Efficiency Solutions and How Can They Reduce Manufacturing Costs in 2026?
Letters of transmittal have been mailed to registered shareholders and are also available under the profile of Boralex. The letters of transmittal explain how registered shareholders can deposit and obtain payment for their Shares. Registered shareholders must return their duly completed letters of transmittal to Computershare in order to receive the consideration to which they are entitled for their Shares.
As a result of the completion of the Arrangement, it is expected that the Shares will be delisted from the Toronto Stock Exchange on or about August 17, 2026. Boralex has applied to cease to be a reporting issuer under the securities legislation of each province of Canada where the Corporation currently is a reporting issuer.
Boralex will operate independently following close of the acquisition. Similar to the benefits realized across Brookfield’s other platforms, the investment from Brookfield and La Caisse will help advance the Corporation’s mission of delivering affordable, renewable energy and enable it to meet growing demand driven by electrification, reindustrialization, digitalization, and energy security imperatives.
SOURCE: Boralex