March 25, 2019 / 12:53 PM / 7 months ago

Canadian utility Enmax to buy Emera's Maine unit for $959 mln

March 25 (Reuters) - Canadian utility Enmax Corp said on Monday it will buy Emera Inc’s electric transmission and distribution unit for $959 million.

The sale of the unit, Emera Maine, is part of the company’s previously announced three-year funding plan and is expected to close in late 2019.

Reporting by Arundhati Sarkar in Bengaluru; Editing by James Emmanuel

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