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Sempra Energy (SRE) To Sell Non-Controlling Interest In Sempra Infrastructure Partners to KKR (KKR) for $3.37 Billion

Sempra Energy (SRE) To Sell Non-Controlling Interest In Sempra Infrastructure Partners to KKR (KKR) for $3.37 Billion
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Sempra Energy Announces Agreement To Sell Non-Controlling Interest In Sempra Infrastructure Partners

Press release content from PR Newswire. The AP news staff was not involved in its creation. Sempra Energy Announces Agreement To Sell Non-Controlling Interest In Sempra Infrastructure Partners April 5, 2021 GMT SAN DIEGO, April 5, 2021 /PRNewswire/ Sempra Energy (NYSE: SRE) today announced that it has entered into a definitive agreement to sell a non-controlling, 20% interest in Sempra Energy’s new business platform, Sempra Infrastructure Partners, to KKR for $3.37 billion in cash. KKR is a leading global investment firm. This transaction values Sempra Infrastructure Partners at approximately $25.2 billion, including expected asset-related debt at closing of $8.37 billion. Today’s announcement is part of a series of integrated transactions originally announced in December 2020 that are intended to simplify Sempra Energy’s non-utility infrastructure investments under one self-funding platform, combining the strengths of Sempra LNG, a leading developer of liquefied natural

The Spooky Rise of 'Ghost Forests' Along the Eastern Seaboard

The Spooky Rise of ‘Ghost Forests’ Along the Eastern Seaboard Photo: Jennifer S. Walker/Rutgers University–New Brunswick The impacts of climate change are going from spooky to downright scary. A new report chronicles the rise of ghost forests along the East Coast as sea level rise turns soils salty and inundates formerly dry land. Advertisement It’s well-documented that the climate crisis is pushing up sea levels and increasing flooding from high tides and sea surges. That’s putting people, infrastructure, and ecosystems at risk. It’s all very scary, but one particularly spooky result of all this is ghost forests, which a new report shows are expanding.

This Tiny Fish Can Withstand Almost Anything

This Tiny Fish Can Withstand Almost Anything Carrie Arnold Originating in the Great Dismal Swamp of Virginia, just south of the Chesapeake Bay, the Elizabeth River is turbid and brackish, its banks redolent with the nose-wrinkling stench of rotting vegetation. These muddy, pungent waters support an array of life oak and maple trees, herons, otters, and oysters. But the Elizabeth empties into the massive Norfolk Harbor, making it ideal for shipping and shipbuilding; for decades, local industry spilled thousands of tons of creosote, a wood preservative made from coal tar, into the river. Over time, the stench of tar and mothballs replaced the natural

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