KKR & Co. Inc

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Debt Financing / Related, Divestitures / Spin-offs, Equity Investments

Red Electrica Corporacion Completes Sale Of 49% Of Reintel For 995.6 Mln Euros

Published: 06/29/2022 16:09 GMT
KKR & Co. Inc (KKR) - Completes Sale of 49% Minority Stake in Red Electrica Infraestructuras De Telecomunicacion (reintel) to Kohlberg Kravis Roberts & Co. Through Its Subsidiary Rudolph Bidco.
Transaction Amounts to 995.6 Million Euros.
Following Completion of Sale, Board Decides to Increase Shareholder Remuneration in 2023 to 1 Euro per Share, Which Represents Increase of 0.20 Euro per Share for Aforementioned Year.
Strengthen the Equity of Red Electrica De Espana Unipersonal During Current Fiscal Year for Amount of 900 Million Euros, Equivalent About to Capital Gain Obtained From Sale of 49% of Reintel.
This Will Allow It to Assume Demanding Challenges Derived From Energy Transition With Greater Financial Strength.