On March 29, 2010, Innergex Power Income Fund (TSX: IEF.UN) (the "Fund") and Innergex Renewable Energy Inc. (TSX: INE) ("INE") completed a strategic combination of the two entities whereby the Fund acquired INE by way of a reverse take-over, thereby effecting at the same time the conversion of the Fund to a corporation.
The combination was implemented by way of a Court-approved statutory plan of arrangement under the Canada Business Corporations Act and created a pure play corporation that is one of the largest independent renewable power producers in Canada.
Fasken Martineau advised the Special Committee of Innergex Power Trust, a wholly-owned subsidiary of the Fund, with a team led by Robert Paré and Marie-Josée Neveu and including, among others, Frédéric Boucher, Jean-Michel Lapierre and Natasa Karambatsos (corporate/securities); Gilles Carli and Thomas Copeland (tax); Marc Novello and Francis Trifiro (banking) and Douglas New (competition law/regulatory).
The combination was implemented by way of a Court-approved statutory plan of arrangement under the Canada Business Corporations Act and created a pure play corporation that is one of the largest independent renewable power producers in Canada.
Fasken Martineau advised the Special Committee of Innergex Power Trust, a wholly-owned subsidiary of the Fund, with a team led by Robert Paré and Marie-Josée Neveu and including, among others, Frédéric Boucher, Jean-Michel Lapierre and Natasa Karambatsos (corporate/securities); Gilles Carli and Thomas Copeland (tax); Marc Novello and Francis Trifiro (banking) and Douglas New (competition law/regulatory).
