News
Sempra Energy Sells $10 Billion Infrastructure Stake to KKR
Sempra Energy has struck a deal to sell a 45% stake in its infrastructure business, Sempra Infrastructure Partners, to companies affiliated with KKR and the Canada Pension Plan Investment Board. The transaction will make the KKR-led group of investors the majority shareholder in Sempra Infrastructure Partners, with 65%, while Sempra’s share will decline to 25%. The third shareholder in the company is the Abu Dhabi Investment Authority with 10%. The company said that the price tag of the deal puts Sempra Infrastructure Partners’ equity…