BRIEF-Emera sells 50.1 million shares of Algonquin Power & Utilities
May 17 (Reuters) - Emera Inc
* Emera inc. Sells 50.1 million common shares of algonquin power & utilities corp.
* Continues to hold an equity interest in apuc equivalent to approximately 12.9 million common shares
* Proceeds, to emera, will be used in support of its general financing requirements, including proposed purchase of teco energy inc.
* Emera has agreed to sell 50.1 million common shares of apuc in a secondary sale on a "bought block trade" basis at $10.85 per common share Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)
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