KKR's $10B Sempra Deal Price May Be Cut Due to Mexican Energy Rules

KKR & Co.'s acquisition of a majority stake in Sempra Infrastructure Partners may see its final price reduced from the initial US$10 billion.

This potential adjustment follows a recent change in Mexican regulations. These regulations will increase transmission fees for self-supply electricity producers.

Sempra, the seller, disclosed the potential for post-closing price adjustments in an August 6 SEC filing. These changes could negatively impact the financial performance of certain wind power facilities in Mexico. These facilities are part of the assets KKR is acquiring.

The adjustment clause ties to the performance of these specific wind assets through 2028. This regulatory shift introduces uncertainty into the final valuation of the large-scale infrastructure deal. The deal is expected to close in the third quarter.