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BRIEF-La Caisse acquires a 17.3% interest in Boralex Inc

Published 2017-07-27, 08:52 a/m
© Reuters.  BRIEF-La Caisse acquires a 17.3% interest in Boralex Inc
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July 27 (Reuters) - Boralex Inc BLX.TO

* La Caisse acquires a 17.3% interest in Boralex Inc

* Boralex - caisse De Dépôt Et Placement Du Québec has acquired all of class a common shares of Boralex held by Cascades Inc for amount of $287.5 million

* Boralex - La Caisse will appoint two independent directors to co's board and will have pre-emptive rights with respect to future issuances of shares

* Boralex - as part of deal, co, La Caisse agreed to explore partnership opportunities with respect to investing in future projects developed by Boralex

* Boralex Inc - class A common shares of Boralex held by Cascades represents 17.3 percent of outstanding shares of co

* Says La Caisse acquired all of class A common shares of Boralex held by Cascades Inc for $287.5 million

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