Deal Snapshot
ONCOR CLOSES ACQUISITION OF INFRAREIT
Monday 20 May 2019

Texas, US-based regulated electricity distribution company Oncor Electric Delivery Company has closed its acquisition of InfraREIT, Inc. (InfraREIT) (NYSE: HIFR) and its subsidiary, InfraREIT Partners, LP, the company said.
Last October, Oncor agreed to acquire 100% of the equity interests of InfraREIT, including InfraREIT Partners LP's limited partnerships, and concurrently, California, US-based Sempra Energy agreed to acquire a 50% limited partnership interest in a holding company that will own Sharyland Utilities, the company said.


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Details
Date Published: 20/05/2019
Target: InfraREIT, Inc
Country: USA
Deal Size: 1.275bn (USD)
Sector: Utilities
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Oncor
Buyer Advisor: Barclays , White and Case , Vinson and Elkins
Comment:
Concurrently, California, US-based Sempra Energy has agreed to acquire a 50% limited partnership interest in a holding company that will own Sharyland Utilities.

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