By Kim Jordan
Aug. 13 (Bloomberg) -- A group led by Borealis Infrastructure Management and GIC Special Investments agreed to buy a 20 percent stake in Oncor Electric Delivery Co. from Energy Future Holdings Corp. for $1.25 billion.
The investor group will have the right to add two directors to Oncor's board, Energy Future said today in a Business Wire statement.
To contact the reporter on this story: Kim Jordan in Houston at kjordan2@bloomberg.net.
Wednesday, August 13, 2008
Borealis, GIC Group to Buy Stake in Oncor for $1.25 Billion
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