Boralex Secures Regulatory Approval for Take-Over by Brookfield
Renewable energy company Boralex has received regulatory approval to close its acquisition agreement with Brookfield (BN) and other institutional partners, including Brookfield Renewable Partners (BEP) and La Caisse, it said on Friday.The transaction involves the acquisition of all issued and outstanding shares of Boralex for $37.26 apiece. The agreement, dated March 25, received approval from Boralex shareholders on June 4 and from the Superior Court of Quebec on June 5.The acquisition is expected to close on or before Aug. 14, subject to satisfaction of remaining conditions.Boralex said in March it will operate independently following the deal and will accelerate its development through investments from Brookfield and La Caisse.