Emera (EMA) received final approval from the New Mexico Public Regulation Commission for the sale of New Mexico Gas to Bernhard Capital Partners in a $1.25 billion deal.
The deal is expected to close in August, Emera said Thursday in a statement.
Proceeds of $650 to $700 million will be used to support investment opportunities across Emera's regulated utility businesses and help repay debt, according to the statement.
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