Sempra sells energy infrastructure stake to KKR

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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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.
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