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Boralex Inc. Class A Shares (BLX $36.70)
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Brookfield Corporation Class A Limited Voting Shares (BN $54.17)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $59.93)
Q: Boralex BLX Enters into Definitive Agreement to be Acquired by Brookfield, alongside La Caisse for $9 billion
They never say which Brookfield entity will be the owner. Can you please tell me which it is...BIP, BEP, BN, or BAM ?
Thanks........ Paul K
They never say which Brookfield entity will be the owner. Can you please tell me which it is...BIP, BEP, BN, or BAM ?
Thanks........ Paul K
5i Research Answer:
The acquisition is being done through Brookfield Asset Management's private infrastructure strategy, with capital from Brookfield (BN) and its institutional partners. The fund is managed by BAM, with Brookfield (BN) and its co-investors collectively owning approximately 70% of the business, alongside Caisse de dépôt et placement du Québec, which will own the remaining 30%.