08:09 AM EDT, 09/23/2025 (MT Newswires) -- Sempra ( SRE ) said Tuesday it agreed to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR (KKR) for $10 billion in cash.

The $10 billion transaction implies a $22.2 billion equity value as well as a $31.7 billion enterprise value for Sempra Infrastructure Partners, the energy infrastructure company said.

The transaction is expected to close between Q2 and Q3 in 2026, the company said. After deal close, a KKR-led consortium will be the majority owner of Sempra Infrastructure partners, holding a 65% stake, with Sempra ( SRE ) holding a 25% share and Abu Dhabi Investment Authority holding the remaining 10%.

Sempra ( SRE ) shares were up 3.2% in recent premarket activity.