Sempra Plans $10B Sale of 45% Stake in Infrastructure Partners to KKR CPP

Sempra has entered into agreements to sell a 45% equity stake in Sempra Infrastructure Partners to affiliates of KKR and the Canada Pension Plan Investment Board for $10 billion in cash, valuing the platform at $22.2 billion in equity and $31.7 billion on an enterprise basis. The transaction is expected to close in the second or third quarter of 2026, subject to regulatory approvals. Sempra Infrastructure Partners is a major North American energy infrastructure company involved in natural gas pipelines, power generation, LNG export facilities, and renewable energy assets. This sale aligns with Sempra's strategy to recycle capital and transition into a leading growth company in the U.S. The investment by KKR and CPP Investments underscores the importance of LNG infrastructure and natural gas in the global energy transition. Both investors aim to support the long-term value creation and sustainability goals of Sempra Infrastructure Partners.