# Enmax to buy Emera Maine for $959 million

Canadian utility Enmax Corp will buy Emera Inc's electric transmission and distribution unit, Emera Maine, for $959 million. The sale is expected to close in late 2019.

- Type: Acquisition
- Announced: 2019-03-25
- Where: Maine, United States
- Value: $959.0M
- Status: announced
- Products: electric transmission and distribution
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Emera Inc.](https://endata.com/companies/35686.md) (target)
- [Enmax](https://endata.com/companies/38215.md) (acquirer)

## Sources

- [financialpost.com](https://financialpost.com/energy/canadian-utility-enmax-to-buy-emeras-maine-unit-for-959-mln/), 2019-03-25: "Canadian utility Enmax Corp said on Monday it will buy Emera Inc's electric transmission and distribution unit for $959 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.