Borealis, GIC Group to Buy Stake in Oncor for $1.25 Billion

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.