(Il Sole 24 Ore Radiocor) - Milano, 25 mar - Brookfield Asset Management and Caisse de Depot et Placement du Quebec have agreed to buy Boralex in a deal worth around 3.8 billion Canadian dollars.

Boralex shareholders will receive 37.25 Canadian dollars in cash per share, representing a 31.8% premium over the March 20 closing price. Boralex said to speed up the Canadian renewable energy company's growth as a private company.

Quebec pension fund Caisse, which is Boralex's largest shareholder with a stake of around 15%, will double its stake in the company while Brookfield will buy the remaining 70%.

The deal implies a total enterprise value of 9 billion Canadian dollars, including project and corporate-level debt.

The deal is expected to close by the fourth quarter ofthis.

year.

(RADIOCOR) 25-03-26 15:28:01 (0547) 5 NNNN