KKR To Acquire Emera's Indirect Minority Equity Interest In The Labrador Island Link; Transaction Value Is C$1.19B
Portfolio Pulse from Benzinga Newsdesk
KKR is set to acquire Emera's indirect minority equity interest in the Labrador Island Link for C$1.19 billion. The deal includes C$957 million in cash and C$235 million for remaining capital investment obligations. The transaction is expected to close around June 4, 2024.
May 28, 2024 | 9:30 pm
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KKR is acquiring Emera's indirect minority equity interest in the Labrador Island Link for C$1.19 billion. This acquisition could enhance KKR's asset portfolio and potentially increase its revenue streams.
The acquisition of Emera's equity interest in the Labrador Island Link is a significant investment for KKR, potentially enhancing its asset portfolio and increasing revenue streams. The transaction's value and the strategic importance of the asset suggest a positive short-term impact on KKR's stock price.
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