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3 stories mentioning BEPUpdated 29m ago

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Commodities

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.

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Research

JPMorgan Downgrades Brookfield Renewable Partners LP to Underweight From Neutral

Brookfield Renewable Partners LP (BEP) has an average rating of overweight and mean price target of $39.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

UBS Adjusts Price Target on Brookfield Renewable Partners to $40 From $39, Maintains Buy Rating

Brookfield Renewable Partners LP (BEP) has an average rating of overweight and mean price target of $38.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $34.69, Change: $-0.69, Percent Change: -1.95%

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