Emergia (TSE:EMER) has released an update.
Emergia Inc. is set to merge with Kraken Holdings, promising to bolster its real estate portfolio with Kraken’s $121 million assets, aiming to expand to 4,000 properties and a value of over $650 million. The merger is contingent on a 45-day due diligence period and the negotiation of definitive agreements. This strategic move is anticipated to significantly propel Emergia’s growth and market presence in Quebec’s real estate sector.
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