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The deposit box has the green light to complete the acquisition of Innergex

Similarly,

Deposit box green light complete:

(Longueuil) The Caisse de Dépôt et Placement du. Similarly, Québec has the green light to complete the acquisition of the Innergex renewable energy producer. Meanwhile,

Posted yesterday at 2:51 p.m.

Innergex announced on Wednesday that it had obtained all the necessary regulatory authorizations. For example, The transaction should be concluded around Monday. Furthermore,

The fund had announced its intention to acquire Innergex last February for an amount of $ 13.75 per share. $ 25 for privileged shares, which conferred a value of 10 billion to the Longueuil company taking into account the debt.

The price offered represented a premium of 58 % compared to the closure price of the day before the ad. However, it is far from the historic summit of more than $ 32 reached by the company in 2021.

The transaction occurs at a time when the renewable energies sector has lost popularity. in the wake of a surf against taking into account environmental investment factors in the United States.

The president. chief executive officer of Innergex, Michel Letellier, had explained that the fund had a long -term horizon, unlike the stock market, in an interview at the time of the announcement.

Hydro-Québec, the main shareholder with 19.9 % of the actions, played a key role in the success of the cash approaches. Innergex had been approached by two other potential buyers. deposit box green light complete but the Crown corporation only wanted to sell the Caisse, according to regulatory documents disseminated in March.

deposit box green light complete — Deposit box green light complete: (Longueuil) The Caisse de Dépôt et Placement du. Québec has the green light to complete the acquisition of the Innergex renewable energy producer. Posted yesterday at 2:51 p.m. Innergex announced on Wednesday that it had obta.

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jolie.whitman
jolie.whitman
Jolie’s D.C. bureaucracy explainer turns FOIA docs into bite-size slideshows with GIF annotations.
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