Caribbean Newspaper Search

Loading

Thursday, October 6

Emera Caribbean to sell stake in utility - Business

TheChronicleHerald.ca: "The company that owns Nova Scotia Power has agreed to sell its interest in a Caribbean utility company for US$25.6 million to one of its subsidiaries.

Emera Caribbean Ltd. will sell its 19.1 per cent stake to an investment company that owns Barbados Light & Power Company Ltd.

Both companies are subsidiaries of Emera Inc., a Halifax-based utility company that also owns Nova Scotia Power.

The buyer of Emera’s St. Lucia investment is Light and Power Holdings, which is 80 per cent owned by Emera. LPH was created to take advantage of potential investment opportunities in and outside of Barbados."

'via Blog this'
Enhanced by Zemanta