KKR to buy Emera's stake in Canadian energy transmission project for $872 mln-March 2024-www.financetom.com

KKR to buy Emera's stake in Canadian energy transmission project for $872 mln

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KKR to buy Emera's stake in Canadian energy transmission project for $872 mln

May 28, 2024 3:00 PM

May 28 (Reuters) - Private equity firm KKR would

acquire Canadian energy firm Emera's ( EMRAF ) indirect minority

stake in the Labrador Island Link clean energy transmission

project for C$1.19 billion ($872.24 million), the companies said

on Tuesday.

($1 = 1.3643 Canadian dollars)

(Reporting by Sourasis Bose in Bengaluru)

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