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Sempra Completes Sale of 45% Equity Interest in Sempra Infrastructure Partners
The deal leaves Sempra with a 25% stake as the KKR-led consortium expands to 65% and supports the company’s capital recycling plan.
On Thursday, Sempra announced the successful closing of its 45% equity interest sale in Sempra Infrastructure Partners to affiliates of KKR, with Canada Pension Plan Investment Board as an indirect co-investor.
Under the transaction terms, the KKR-led consortium now holds 65% ownership of SI Partners, while Sempra retains 25% and an affiliate of Abu Dhabi Investment Authority maintains 10%.
"This marks an exciting milestone at Sempra," said Jeffrey W. Martin, chairman and CEO of Sempra, adding the transaction supports growth efforts in Texas and California.
The equity stake sale follows Sempra's August divestiture of Ecogas, part of a capital recycling program aimed at strengthening the company's financial position.
Additional details regarding the transaction closing are addressed in Sempra's current report on Form 8-K filed with the Securities and Exchange Commission.