BENGALURU: Sempra Energy said it will buy Oncor for US$9.45bil in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett’s Berkshire Hathaway Inc.
San Diego-based Sempra expects to own about 60% of a reorganized Energy Future after the transaction that is valued at US$18.8bil, including Dallas-based Oncor’s debt, it said late on Sunday.
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