09:21 AM EDT, 03/25/2026 (MT Newswires) -- Brookfield (BN) and Canadian pension fund La Caisse have agreed to acquire Canadian renewable energy producer Boralex for an enterprise value of CA$9 billion ($6.53 billion), the latter said Wednesday.

Under the terms of the deal, which is expected to close in Q4, Boralex shareholders will receive CA$37.25 in cash per share, which it said is a nearly 32% premium over its stock's March 20 closing price on the Toronto Stock Exchange.

Boralex said La Caisse, its largest shareholder with a roughly 15% stake, will make a post-closing investment that will bring its pro forma interest to 30%.

Boralex also said its headquarters will remain in Quebec, Canada.

Shares of Brookfield were up 1.6% pre-bell.