Sempra Energy

NYSE:SRE   3:59:58 PM EDT
136.00
+1.36 (+1.01%)
4:00:00 PM EDT: $135.96 -0.04 (-0.03%)
Divestitures / Spin-offs, Equity Investments, Other Pre-Announcement

Sempra Announces Agreement To Sell 10% Interest In Sempra Infrastructure Partners

Published: 12/21/2021 21:30 GMT
Sempra Energy (SRE) - Sempra Announces Agreement to Sell 10% Interest in Sempra Infrastructure Partners.
Sempra Energy - Transaction Implies an Enterprise Value for Sempra Infrastructure of $26.5 Billion, Including Asset-related Debt of Approximately $8.6 Billion.
Sempra - to Sell Non-controlling 10% Interest in Sempra Infrastructure Partners to Unit of Abu Dhabi Investment Authority for $1.785 Billion in Cash.
Sempra - Transaction Implies an Enterprise Value for Sempra Infrastructure of $26.5 Billion.
Sempra - Transaction Implies Enterprise Value for Sempra Infrastructure of $26.5 Billion, Including Asset-related Debt of Approximately $8.6 Billion.
Sempra - Transaction is Expected to Be Accretive to Earnings As the Proceeds Are Deployed.
Sempra - Sempra is Affirming Its Full-year 2022 EPS Guidance Range of $8.10 to $8.70.
Sempra - Adia Will Have Certain Customary Minority Rights With Respect to Sempra Infrastructure, Commensurate With the Size of the Investment.
Sempra Energy - Proceeds From Sale Will Be Used to Help Fund Incremental Capital Expenditures at Co's Utilities and Repurchase $500 Million of Co's Stock.
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