Emera (TSE:EMA) has released an update.
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Emera Inc. has announced the sale of its New Mexico Gas Company to Bernhard Capital Partners for $1.252 billion, which includes the assumption of $500 million in debt. The sale is part of Emera’s strategy to strengthen its balance sheet and focus on growth markets, which is expected to result in long-term value for shareholders. The transaction will also allow Emera to repay debt and improve financial metrics while Bernhard Capital commits to community resilience and job creation in New Mexico.
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