KKR has stepped up its interest in energy infrastructure, agreeing to pay $3.37 billion for a non-controlling (20%) equity stake in Sempra Infrastructure Partners.
KKR is making the investment through its Global Infrastructure Investors Fund, established in 2008.
The deal, expected to close by midyear, was announced before the bell Monday morning. KKR’s stock price, which had closed at $51.13 Thursday, opened at $50.74 after the announcement. But it made up that lost ground through the day, closing at $51.16.
The Sempra Energy (SRE) unit involved in . . .
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