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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
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Jackson National top seller of annuities in 2020
The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.
March 10, 2021
With sales of $17.9 billion, Jackson National Life topped the total annuity sales chart in 2020. The insurance company also led in variable annuities, with sales of $16.5 billion.
The remaining Top Five leaders in overall annuity sales were AIG Cos. ($14.5 billion), New York Life ($13.7 billion), Lincoln Financial Group ($11.6 billion) and Equitable Financial ($10.5 billion), according to data collected by Limra’s Secure Retirement Institute.
The other leaders in variable annuity sales were Equitable Financial ($10.5 billion), Lincoln Financial Group ($10 billion), TIAA ($10.6 billion) and Brighthouse Financial ($6 billion).