CDPQ to Acquire Innergex Renewable Energy Inc. for C$10.0 Billion
February 25, 2025
Caisse de dépôt et placement du Québec (CDPQ) has entered into a definitive agreement to acquire all issued and outstanding common shares of Innergex Renewable Energy Inc. for C$13.75 per share, implying a total enterprise value of C$10.0 billion. The transaction will take Innergex private, has unanimous support from Innergex’s board and backing from largest shareholder Hydro-Québec, and is expected to close by Q4 2025 subject to customary approvals.
- Buyers
- Caisse de dépôt et placement du Québec (CDPQ)
- Targets
- Innergex Renewable Energy Inc.
- Sellers
- Innergex common shareholders, Innergex Series A and Series C preferred shareholders
- Industry
- Energy
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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