HALISTER: Sempra Energy to Buy Oncor Owner Energy Future for $9.45b

Sempra Energy to Buy Oncor Owner Energy Future for $9.45b

(Bloomberg) -- Sempra Energy to buy Energy Future Holdings, the indirect holder of 80% of Oncor Electric Delivery, for about $9.45b in cash.
  • Co. expects deal to be earnings accretive beginning in 2018
  • Sempra to hold about 60% of reorganized holding company
  • Enterprise value of deal about $18.8b including debt
  • Sempra to fund deal with own debt, equity, third-party equity, $3b of expected IG debt at reorganized holding co.
  • Co. to support Oncor plan to invest $7.5b over 5-year period
  • Link to statement
To contact the reporter on this story: Lukas Strobl in London at lstrobl@bloomberg.net

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
TXU US (Energy Future Holdings Corp/Old)
SRE US (Sempra Energy)
ONCR US (Oncor Inc)
BRK/A US (Berkshire Hathaway Inc)

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