Boralex’s $6.5bn buyout by Brookfield and La Caisse gains court approval
Key takeaways
- At the meeting, the arrangement resolution passed with 99.86% of votes cast.
- The Board of Directors of Boralex and a special committee of independent directors evaluated strategic alternatives before unanimously supporting the transaction.
- Boralex is a Canadian renewable energy company listed on the Toronto Stock Exchange (TSX).
Boralex’s $6.5bn buyout by Brookfield and La Caisse gains court approval Boralex will continue to operate independently and maintain its headquarters in Québec · Power Technology Anwesha Pattanaik Mon, June 8, 2026 at 6:08 PM GMT+7 2 min read BLX.TO BAM Boralex has obtained final court approval to proceed with its C$9bn ($6.45bn) sale 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 final order under section 192 of the Canada Business Corporations Act. This followed shareholder approval of the plan of arrangement at Boralex’s annual and special meeting on 4 June 2026.
At the meeting, the arrangement resolution passed with 99.86% of votes cast. Excluding shares held by La Caisse and those required to be excluded under Multilateral Instrument 61-101, the approval rate stood at 99.83%.