Emergia (TSE:EMER) has released an update.
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Emergia Inc. is set to merge with Kraken Holdings, promising to bolster its real estate portfolio with Kraken’s $121 million assets, aiming to expand to 4,000 properties and a value of over $650 million. The merger is contingent on a 45-day due diligence period and the negotiation of definitive agreements. This strategic move is anticipated to significantly propel Emergia’s growth and market presence in Quebec’s real estate sector.
For further insights into TSE:EMER stock, check out TipRanks’ Stock Analysis page.
