ENMAX to Purchase Emera’s Operations in Maine for $1.3 Billion USD

 

  • Purchase price of $959 million USD ($1,286 million CAD) for shares plus acquired debt, for total enterprise value of $1.3 billion USD ($1.8 billion CAD)
  • Fully achieves the targeted asset sale component of Emera’s three-year funding plan and proceeds will be used to support Emera’s capital investment opportunities within its regulated utility businesses and reduce corporate level debt
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