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KKR to buy Emera’s indirect minority stake in Canadian energy transmission project for $1.19-billion

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The transaction is made of $957-million in cash and $235-million for taking over Emera’s obligation to fund the rest of the initial capital investment

indirect minority stake in the Labrador Island Link clean energy transmission project for $1.19-billion, the companies said on Tuesday.

The transaction, which is expected to close on or about June 4, is made of $957-million in cash and $235-million for taking over Emera’s obligation to fund the rest of the initial capital investment.

 

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