Boralex’s $6.5bn buyout by Brookfield and La Caisse gains court approval

Boralex has obtained last tribunal support to proceed with its C$9bn ($6.45bn) merchantability to Brookfield Infrastructure Fund V and/or its affiliates and Caisse de dépôt et placement du Québec (La Caisse).

The Superior Court of Québec issued the last bid nether conception 192 of the Canada Business Corporations Act. This followed shareholder support of the program of statement astatine Boralex's yearly and peculiar gathering connected 4 June 2026.

At the meeting, the statement solution passed with 99.86% of votes cast. Excluding shares held by La Caisse and those required to beryllium excluded nether Multilateral Instrument 61-101, the support complaint stood astatine 99.83%.

The Board of Directors of Boralex and a peculiar committee of autarkic directors evaluated strategical alternatives earlier unanimously supporting the transaction.

Boralex is simply a Canadian renewable vigor institution listed connected the Toronto Stock Exchange (TSX). It had an installed capableness of astir 3.8GW arsenic of 31 December 2025.

In addition, the company's portfolio includes 8.2GW of wind, star and artillery vigor retention strategy projects presently successful improvement oregon nether construction.

Under the presumption of the deal, announced successful March 2026, a recently formed entity, BIF Thunder Holdings, volition get each issued and outstanding Class A communal shares of Boralex astatine C$37.25 successful currency per share. BIF Thunder is jointly owned by Brookfield and La Caisse.

The transaction's endeavor worth includes the presumption of Boralex's debt.

Completion of the woody remains babelike connected the restitution of customary closing conditions including receipt of regulatory approvals. If these are met, the acquisition is expected to adjacent by the 4th fourth of 2026.

Upon completion, Brookfield and La Caisse mean to delist Boralex's shares from the TSX and use for the institution to cease being a reporting issuer nether applicable securities rules.

La Caisse, which already holds astir 15% of Boralex, volition summation its involvement to 30% done a post-closing investment. Brookfield volition clasp the remaining equity.

Boralex volition proceed to run independently and support its office successful Québec.

The purchaser consortium described the woody arsenic an accidental to leverage Boralex's beingness crossed Canada, the US, France and the UK. The transaction is expected to enactment Boralex's ongoing commitments successful economical growth, vigor information and decarbonisation.

Furthermore, it provides shareholders with contiguous currency payments and aims to presumption Boralex for further maturation arsenic a backstage company.

"Boralex's $6.5bn buyout by Brookfield and La Caisse gains tribunal approval" was primitively created and published by Power Technology, a GlobalData owned brand.