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Emera Incorporated (EMA.TO)

Toronto - Toronto Real-time price. Currency in CAD
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45.81-0.67 (-1.44%)
At close: 04:00PM EDT
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  • Business Wire

    Emera Completes Transaction to Transfer Equity Interest in Labrador Island Link

    HALIFAX, Nova Scotia, June 04, 2024--Emera Inc. ("Emera") (TSX:EMA) today announced the previously announced transaction where KKR would acquire Emera’s indirect minority equity interest in the Labrador Island Link (LIL), has closed effective today. The LIL is a 1,100 km high voltage transmission line that delivers renewable energy to Newfoundland, Nova Scotia and beyond, helping meet the growing demand for clean energy across the region. The transaction was originally announced on May 28, 2024.

  • Reuters SG

    Deals of the day-Mergers and acquisitions

    ** Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. ** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, in a take-private deal of one of the world's oldest postal firms.

  • Business Wire

    Labrador Island Link Welcomes New Investor

    NEW YORK & HALIFAX, Nova Scotia & ST. JOHN’S, Newfoundland and Labrador, May 28, 2024--Today, Emera Inc. (Emera), an international energy and services company, and KKR, a leading global investment firm, announced they have entered into a definitive agreement where KKR will acquire Emera’s indirect minority equity interest in the Labrador Island Link (LIL). The transaction value is $1.19 billion CAD, made up of $957 million CAD in cash and $235 million CAD for assuming Emera’s obligation to fund