Boralex Inc. says its shareholders have approved a previously announced agreement to be acquired by Brookfield Asset Management Ltd. and La Caisse.
The arrangement resolution was approved by 99.86 per cent of votes cast by shareholders.
The deal for the two Canadian institutional giants to buy the renewable power producer was originally announced in March.
At the time, Brookfield Asset Management and La Caisse agreed to buy the Quebec-based company for $9 billion, including debt, or about $3.8 billion in equity value.
The transaction remains subject to closing conditions, including the receipt of a final order by the Superior Court of Quebec and regulatory approvals, with an expected completion date in the fourth quarter of 2026.
Boralex CEO Patrick Decostre says the transaction will provide the company with greater financial flexibility.
This report by The Canadian Press was first published June 4, 2026.
Companies in this story: (TSX:BLX, TSX:BAM, TSX:BEP.UN, TSX:BN, TSX:BEPC)
