May 17 (Reuters) - Emera Inc EMA.TO
* Emera inc. Sells 50.1 million common shares of algonquin
power & utilities corp.
* Continues to hold an equity interest in apuc equivalent to
approximately 12.9 million common shares
* Proceeds, to emera, will be used in support of its general
financing requirements, including proposed purchase of teco
energy inc.
* Emera has agreed to sell 50.1 million common shares of
apuc in a secondary sale on a "bought block trade" basis at
$10.85 per common share
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