KKR & Co. Inc. (NYSE:KKR) agreed to acquire a 49% stake in Red Eléctrica Infraestructuras de Telecomunicación, S.A. from Red Eléctrica Corporación, S.A. (BME:REE) for approximately €970 million on December 16, 2021. Red Eléctrica Group will continue to be the controlling shareholder of Reintel. The Board of Directors of Red Eléctrica approved the transaction. The transaction is subject to customary conditions including the applicable regulatory approvals and is expected to close in Q2 2022. The transaction will enhance Red Eléctrica's financial capacity. UBS and Barclays acted as financial advisors to Red Eléctrica while Garrigues as legal advisor to Red Eléctrica. Carlos Marín, David Pascual and Alberto Fernández of KPMG Abogados S.L. acted as legal and tax due diligence to KKR & Co. Inc.

KKR & Co. Inc. (NYSE:KKR) completed the acquisition of a 49% stake in Red Eléctrica Infraestructuras de Telecomunicación, S.A. from Red Eléctrica Corporación, S.A. (BME:RED) for €1 billion on June 29, 2022. The capital gain obtained from the sale will be used to strengthen the equity of Red Eléctrica de España S.A. unipersonal (Red Eléctrica) during the current fiscal year for an amount of €900 million.