Brookfield Asset Management and Caisse de Depot et Placement du Quebec will acquire Boralex. The two firms are partnering on this takeover. Boralex operates as a Canadian renewable energy company.
The transaction is valued at approximately 3.8 billion Canadian dollars. This sum equates to about 2.76 billion US dollars.
The acquisition aims to accelerate Boralex’s expansion. It will transition the company into a private entity. This move seeks to foster its future growth.
