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An announcement from Innergex Renewable Energy ( (TSE:INE) ) is now available.
Innergex Renewable Energy has entered into a definitive agreement to be acquired by CDPQ for $13.75 per share, representing a significant premium over its current share price. This transaction, valued at $10 billion, aims to establish a leading renewable power entity in Québec, with Hydro-Québec supporting the deal by agreeing to vote in favor. The acquisition is expected to provide liquidity and value certainty to shareholders and is anticipated to close by the fourth quarter of 2025, pending necessary approvals.
More about Innergex Renewable Energy
Innergex Renewable Energy Inc. is a company based in Québec that operates in the renewable energy sector. It focuses on developing, owning, and operating renewable power facilities, including hydroelectric, wind, and solar projects.
YTD Price Performance: 7.80%
Average Trading Volume: 613,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.77B
Find detailed analytics on INE stock on TipRanks’ Stock Analysis page.