Cascades completes sale of its shares of Boralex

P&PC Staff
July 30, 2017
By P&PC Staff
Jul. 30, 2017 - Cascades has completed the previously announced sale of 13,153,799 Class A shares of Boralex to the Caisse de dépôt et placement du Québec at a price of $21.86 per share, for a total consideration of $287,542,046.10, under a securities purchase agreement announced last Thursday by Cascades, Cascades Canada ULC and the Caisse.

The shares were sold pursuant to a private transaction and not through a securities exchange.

The shares represent approximately 17.3 per cent of the issued and outstanding Class A shares of Boralex, being 100 per cent of such shares held by Cascades, directly or indirectly, immediately prior to the Sale. Cascades now holds no securities of Boralex, directly or indirectly.

Cascades sold the shares to monetize its investment.

The percentage of the issued and outstanding Class A shares of Boralex owned or controlled by Cascades is based on the disclosure of the number of issued and outstanding common shares of Boralex contained in the public disclosure documents filed by Boralex on SEDAR.

Add comment

Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.