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Emera to Acquire a 38% Interest in Light & Power Holdings Ltd.

HALIFAX, Nova Scotia, May 3 /PRNewswire/ – Today, Emera (TSX: EMA) announced that it will acquire a 38% interest in Light & Power Holdings Ltd. (Barbados Stock Exchange: “LPH”) from Leucadia National Corporation (”Leucadia”). Under the terms of the agreement with Leucadia, Emera will acquire the interest from Leucadia for US $85million.