Mining & Metals
Boralex Secures Final Court Approval for $9-Billion Sale to Brookfield and CDPQ
Boralex (BLX.TO) after trade Friday said it has received final approval from the Superior Court of Quebec for its $9.0-billion sale BIF Thunder Holdings, a joint venture between Brookfield Infrastructure Fund V and/or its affiliates (collectively, "Brookfield") and Caisse de depot et placement du Quebec (CDPQ)The court approval follows shareholder approval received at the company's Thursday meeting. The transaction remains subject to customary closing conditions, including key regulatory approvals, and is expected to close in the fourth quarter, the company said.The two partners in March agreed to acquire the renewable power producer for a price of $37.25 per share.Boralex shares closed down $0.01 to $36.84 on the Toronto Stock Exchange.
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