IEnova completes acquisition
Published by Anna Nicklin,
Assistant Editor
World Pipelines,
Sempra Energy has confirmed that its Mexican subsidiary, Infraestructura Energ茅tica Nova, S.A.B. de C.V. (IEnova), has completed its acquisition of PEMEX Transformaci贸n Industrial's 50% equity interest in the Gasoductos de Chihuahua joint venture. The deal is said to be worth approximately US$1.14 billion.
Mexico's antitrust commission (the Comisi贸n Federal de Competencia Econ贸mica) authorised the transaction on 15 September.
IEnova's shares in the joint venture now increase from 50% to 100%. PEMEX will retain 50% shareholder interest in the Ramones II Norte pipeline project through Ductos y Energ茅ticos del Norte, S.de R.L. de C.V.
Included in the transaction is three natural gas pipelines, an ethane pipeline and a liquid petroleum gas pipeline and associated storage terminal.
Adapted from press release by聽
Read the article online at: /business-news/28092016/ienova-completes-acquisition/
You might also like
The World Pipelines Podcast
A podcast series 51吃瓜网 professionals featuring short, insightful interviews with experts who can shed light on topics that matter to you and your business. Subscribe on your favourite podcast app to start listening today.
