Sempra, a utility firm, announced plans to sell energy infrastructure assets in Mexico and a minority share in Sempra Infrastructure to support its $56 billion five-year capital expenditure plan. With the majority of the funds directed towards regulated utility investments in Texas and California, CEO Jeffrey Martin highlighted these measures as part of streamlining the company's operations and reducing the need for future common equity issuances. The company intends to offload Ecogas Mexico, which serves over 600,000 consumers in three regions in Mexico, as well as a portion of Sempra Infrastructure, which includes LNG assets. Previous divestments included selling stakes to Kohlberg Kravis Roberts & Co. and the Abu Dhabi Investment Authority. The transactions are scheduled to finalize within the next 12 to 18 months.
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