Sempra has entered into a definitive agreement to sell a non-controlling 10 percent interest in Sempra Infrastructure Partners (Sempra Infrastructure) to a subsidiary of the Abu Dhabi Investment Authority (ADIA) for $1.785 billion in cash, subject to customary closing adjustments.
This transaction implies an enterprise value for Sempra Infrastructure of $26.5 billion, including asset-related debt of about $8.6 billion.
In October, Sempra completed the sale of a 20 percent non-controlling interest in Sempra Infrastructure to a wholly owned affiliate of KKR. Upon closing of the transaction announced today, Sempra will own a 70 percent controlling stake in Sempra Infrastructure.
“We are excited to add ADIA to the partnership at Sempra Infrastructure. As an investor with a global footprint, we expect ADIA will help our team build out a growth platform with an increasingly global capability,” said Jeffrey W. Martin, chairman and CEO of Sempra. “The timing of t
