July 27, 2017 / 12:53 PM / in 4 months

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

July 27 (Reuters) - Boralex Inc

* 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​ Source text for Eikon: Further company coverage:

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