Renewables Firm Boralex Is Said To Explore Going Private (1)

Canadian renewable energy firm Boralex Inc. is weighing its options including a potential deal to go private, according to people familiar with the matter.

The Montreal-based company is working with Canadian banks to handle proposals, the people said, asking not to be identified discussing confidential matters.

The board’s deliberations are early and it could still decide to remain public. The company’s Canadian-listed shares rose more than 8% on Monday, giving it a market value of around C$3.2 billion ($2.3 billion), with most of the increase coming after the Bloomberg News report.

Boralex builds and operates renewable energy production sites in ...