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Canadian utility Enmax to buy Emera's Maine unit for $959 mln

Published 2019-03-25, 08:50 a/m
© Reuters.  Canadian utility Enmax to buy Emera's Maine unit for $959 mln
EMA
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March 25 (Reuters) - Canadian utility Enmax Corp ENMAX.UL said on Monday it will buy Emera Inc's EMA.TO electric transmission and distribution unit for $959 million.

The sale of the unit, Emera Maine, is part of the company's previously announced three-year funding plan and is expected to close in late 2019.

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